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FHA Purchase Loans

FHA (Federal Housing Administration) loans are mortgages insured by the FHA. These loans are designed to help low-to-moderate-income borrowers and first-time homebuyers qualify for homeownership.


FHA loans often require smaller down payments, lower credit scores, and more flexible income requirements than traditional mortgages. This makes homeownership more accessible for those who may not qualify for a conventional loan. FHA loans can be used to purchase a single-family home, multi-family properties with up to four units, condominiums, and manufactured homes. Additionally, FHA loans offer options for refinancing and home improvement loans. However, borrowers are required to pay an upfront mortgage insurance premium (MIP) as well as an annual MIP, which can increase the overall cost of the loan.

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