FHA Loans

An FHA loan might be easier to qualify for than a traditional loan if you have credit issues. An FHA new home mortgage comes in 15-year and 30-year terms with fixed interest rates.

Borrowers must pay FHA mortgage insurance, which is designed to protect the lender from a loss if the borrower defaults. 

Some benefits of FHA loans are:

  • Low down payment options
  • Flexible income guidelines
  • Lower credit score requirements

Is an FHA loan made for you?

Buying your first home?

FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. 

FHA vs. Conventional Loans

Qualifying for a conventional mortgage requires a higher credit score, solid income and a down payment of at least 3 percent for certain loan programs. FHA new construction loans are more flexible to help meet your family's needs.