An FHA Loan may be a great solution for you if:

  • You’re a first-time or repeat homebuyer; or
  • You have a lower credit score; or
  • You want a low down payment; or
  • You want to refinance a high-cost mortgage.

FHA Loan benefits and features:

  • Low down payment: Minimum is 3.5% of the purchase price. Mortgage insurance is required.
  • Lower credit scores: Minimum is 620. Scores below 620 may still qualify, but the minimum down payment would be at least 10%. Restrictions apply.
  • 100% gift funds are acceptable for down payment and closing costs.
  • Fixed-rate and adjustable-rate mortgages (ARM) available.
  • Flexible qualification guidelines.
  • Other requirements and conditions apply.
See sample scenarios here

CALL YOUR ACADEMY MORTGAGE LOAN OFFICER today for more information about FHA Loans.