An FHA loan allows you to buy a home with as little as 3.5% down. Taking advantage of the FHA loan program is a great way for first time buyers, or anyone with a shortage of down payment funds, to buy a home. Anyone can obtain an FHA loan. FHA allows a FICO credit score of 580 to obtain financing.
• Up to 96.50% of the purchase price
• Loan amounts to $417,000
• Down payment can be gifted
LOAN PROGRAMS
FHA Fixed Mortgages 30 year fixed 15 year fixed
FHA Fixed period ARM's (Adjustable Rate Mortgage's) 1/1 ARM = 1 year fixed, 29 year ARM 3/1 ARM = 3 years fixed, 27 year ARM 5/1 ARM = 5 years fixed, 25 year ARM
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