FHA loans are mortgages insured by the Federal Housing Administration, providing lenders with added security and enabling borrowers to access home loans with lower down payments and more flexible credit requirements.

Eligibility criteria include a credit check, a steady employment history, and a down payment as low as 3.5%. Specific lender requirements may vary. (Used for primary purchases only)

The minimum down payment requirement for an FHA loan is typically 3.5% of the home's purchase price.

FHA loans are available for various property types, including single-family homes, multi-unit properties (up to four units), condominiums, and some manufactured homes.

Yes, FHA loans can be used for refinancing existing mortgages, offering options to lower interest rates or change loan terms through an FHA streamline refinance or cash-out refinance.

Yes, FHA 203(k) loans allow borrowers to finance the purchase and renovation costs of a property into one loan, providing funds for home improvements or repairs.

There are limits on the amount of seller contributions and allowable gifts for closing costs and down payments, typically capped at a certain percentage of the home's price. Restricted to primary homes.

The process involves applying through an FHA-approved lender like us, providing necessary financial documents, undergoing credit and income verification, and awaiting loan approval.