FHA Loans


FHA loans are government guaranteed loans that feature low down payments and more relaxed qualifying requirements than conventional loans.

An FHA loan can be used to purchase a single family home, duplex, tri-plex or up to 4 units (when purchasing multiple units, one of the units must be owner occupied).  Many homebuyers use FHA loans to purchase their first home or property.

Some of the benefits to an FHA loan are:

  • Low down payment – just 3.5% of the purchase price in most cases
  • Down payment can be gifted by family member*
  • Easier to qualify for – these loans accept higher debt to income ratios than conventional loans
  • Allow seller credit of up to 6% back to offset closing costs

*Gift funds are subject to underwriter review and approval.