FHA Loan Types

Endless possibilities for homeowners and first‑time buyers, and we can help you. 

Standard FHA 

The minimum down payment is 3.50% of the purchase price. The loan can be used to purchase or refinance a single-family home and a property with 2-4 units. It offers competitive, low interest rates and allows the entire down payment to come from gift funds.  This is one of the most flexible mortgage option available. 

Program Highlights

• Purchase 
• Refinance 
• Low down payment 
• ​Seller contribution allowed (6% maximum)
• Gift allowed for down payment & closing costs 
• No income limitations or restrictions 
• No post-closing reserves required
• Low credit score (600-619) eligible 

Eligible Properties

• 1-4 units
• ​Plan Urban Development (PUDs)
• Condominiums & Town Houses 
• Manufactured Homes (doublewide only)

FHA Down Payment Assistance

A creative option to homeownership when funds are not readily available. With this loan option, the entire down payment can be finance. Closing costs can be a seller contribution. Income limitations apply. 

Program Highlights

• Purchase Only
• 100% financing 
• Seller concessions are allowed (6% maximum)
• 2nd trust deed to finance down payment 
• No post-closing reserves required
• Low credit score (600-619) eligible 
• Maximum loan limits per county area

Eligible Properties

• 1-2 units
• Plan Urban Development (PUDs)
• Condominiums & Town Houses 
• Manufactured Homes (doublewide only)

FHA Streamline Refinance 

This is an excellent option for homeowners with an active FHA loan at an interest rate higher than current market rates. The loan does not require income documentation or an appraisal. The loan balance remains the same, and the new loan will result in a lower monthly payment. Approval is virtually guaranteed as long as there have been no late payments in the past 12 months.
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​Program Highlights

• No income verification
• No Appraisal 
• Balance does not increase
• Lower payment 

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