FHA loans are backed by the Federal Housing Administration (FHA), and are designed to help creditworthy low-income and moderate-income families achieve homeownership.
FHA loan programs are particularly beneficial to buyers with less available cash for closing or down payment. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. All FHA loans require an upfront mortgage insurance premium along with a monthly mortgage insurance premium.
The benefits of FHA home loan programs include:
Find out if an FHA Mortgage Loan is right for you.
First Heritage Mortgage, LLC is not affiliated with the United States Department of Housing and Urban Development, the Federal Housing Administration, nor any other governmental agency.