FHA Loan

FHA 203B Loan:

FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

FHA loans are an attractive option, especially for first-time homeowners:

  • Generally easier to qualify for than conventional loans.
  • Can be used to purchase Single Family or owner occupied Duplexes.
  • Can be used to finance Double, Triple and Modular Homes. (No Single Wides)
  • Lower down payment requirements.
  • Cannot exceed statutory loan limits.  

 

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