FHA Mortgages - For New Home Purchases and Refinances
FHA mortgages, which are insured by the Federal Housing Administration, are a helpful tool for people who might not qualify for conventional mortgage programs. They offer:
- Low down payment requirements, mortgage insurance and closing costs
- Cash-out refinances up to 95%
- No Cash-out refinances up to 97%
- Easy credit qualifying for people who have poor credit or lack a traditional credit history
- Past bankruptcies can still apply
- Help for people with low-to-moderate incomes
Programs:
Buying your First Home:
FHA might be just what you need. Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan.
Funds for Home Repairs:
HUD's 203(k) program can help you purchase or refinance a home. This program can, roll the cost of home repairs and improvements right into the FHA mortgage.
Energy Efficient Mortgages (EEMs) FHA Mortgage Insurance:
An EEM mortgage will allow you to include the costs of energy improvements into your FHA Mortgage.
Manufactured Housing:
The Manufactured Housing Program is a national HUD program established to protect the health and safety of the owners of manufactured (mobile) homes.
FHA Mortgages - For New Home Purchases and Refinances
FHA mortgages, which are insured by the Federal Housing Administration, are a helpful tool for people who might not qualify for conventional mortgage programs. They offer:
- Low down payment requirements, mortgage insurance and closing costs
- Cash-out refinances up to 95%
- No Cash-out refinances up to 97%
- Easy credit qualifying for people who have poor credit or lack a traditional credit history
- Past bankruptcies can still apply
- Help for people with low-to-moderate incomes
Programs:
Buying your First Home:
FHA might be just what you need. Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan.
Funds for Home Repairs:
HUD's 203(k) program can help you purchase or refinance a home. This program can, roll the cost of home repairs and improvements right into the FHA mortgage.
Energy Efficient Mortgages (EEMs) FHA Mortgage Insurance:
An EEM mortgage will allow you to include the costs of energy improvements into your FHA Mortgage.
Manufactured Housing:
The Manufactured Housing Program is a national HUD program established to protect the health and safety of the owners of manufactured (mobile) homes.