3.5% down payment

Lower interest rates

Qualify with less than perfect credit and a higher debt ratio

Here are some of the benefits of FHA loans:

Low Down Payment – FHA insured mortgages only require a 3.5% down-payment which makes it easier for people to own homes. Additionally, the 3.5% can come in the form of a gift.

Lower Credit Borrowers Qualify – those with a less than perfect credit history have an easier time getting this kind of loan.

Better Interest Rates – with the backing of the government these loans typically have a better interest rate than most traditional mortgage loans.


Because FHA Loans are insured by the Federal Housing Administration, homebuyers typically have an easier time qualifying. Those who typically benefit most from an FHA loan are first-time home buyers and those who have less than perfect credit. These loans can help more people get into the home buying market.

The Federal Housing Administration (FHA) doesn’t actually loan any money, they insure it. This means that you’re considered to be a less risky borrower than someone who might not have the backing of the federal government. 


FHA Streamline Refinance

If you already have an FHA mortgage then you might qualify for a FHA Streamline Refinance. An FHA Streamline Refinance is a great way for a borrower with an existing FHA backed mortgage to reduce their interest rate, reduce their payment or possibly both.

These materials are not from HUD or FHA and were not approved by HUD or a government agency. In some cases a refinance loan might result in higher finance charges over the life of the loan.