FHA loans
Government-insured loans with flexible guidelines and mortgage insurance premiums.
FHA loans are insured by the Federal Housing Administration.
They can allow a lower down payment and more flexible credit guidelines than some conventional options, which is why many first-time buyers compare them.
Good to know
- FHA loans carry an upfront and an annual mortgage insurance premium.
- The home must be your primary residence and meet FHA property standards.
- FHA loan limits vary by county.
Questions to bring to Sapan
- What would the mortgage insurance premium add each month?
- Does the home I am considering meet FHA standards?
- Would refinancing later be worth planning for?
Program availability, terms and eligibility are confirmed with Sapan against current Secure Choice Lending guidelines and the states where he is licensed.