FHA Home Loan (Federal Housing Administration)

Federal Housing Administration (FHA) loans are government insured loans for eligible homebuyers that offer low down payments and flexible credit requirements.

Our FHA product is a government insured loan for eligible homebuyers that offers low down payment and flexible credit requirements.

*The services and products advertised are not approved or endorsed by HUD, USDA, the Department of Veterans Affairs, or any government agency.

  • Purchase and refinance options available
  • Down payments as low as 3.5%
  • Down payments can be gifted with required source verification
  • Seller can contribute up to 6% of the purchase price towards the buyer’s closing cost

Although it is true that there are several different types of mortgages making a comeback, the FHA home loan remains one of the most popular. The reasoning behind this is the multiple benefits an individual is eligible for once they qualify for this loan.


Gift Funds. The FHA is one of the only lenders that are very proactive in protecting their applicants’ ability to accept monetary gifts for payments. An applicant can accept up to 100% of the down-payment in the form of a gift from a relative, friend, employer, charitable group, or government homebuyer program. You will have to follow the process to accept the gift though.


Low Downpayment. One of the biggest draws to this program is the low down-payment amount. Most down payments are around 10% or higher. However, the FHA program offers down payments for as low as 3.5%. This means buyers don’t have to worry about saving as much for their down payments, and they can save their money for repairs of emergency funds.


Many Property Types are Eligible. Unlike several mortgage lenders, the FHA is flexible on the property types that are eligible for financing. Borrowers can purchase a home in any neighborhood located in the United States, the District of Columbia, or any territory the United States holds. You can purchase a single family home, two unit homes, three and four unit homes, condominiums, mobile homes, and manufactured homes.


No Social Security Number Required. Every home-buyer does not have a social security number. Normally, this would be something that prevented them from purchasing a home. The FHA will allow people without a valid social security number to secure a loan. This is good news for employees of the World Bank, employees of Foreign Embassies, and non-resident aliens.


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