FHA: Federal Housing Administration

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA).

Benefits of an FHA Loan

  • FHA loans typically require a lower down payment (usually 3.5% down for a purchase transaction)
  • Available as fixed and adjustable rate mortgages in 15 and 30 year terms as owner-occupied residence
  • Available for all income levels
  • Refinance a current mortgage into an FHA loan

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