FHA Loans

Are you striving for homeownership, but not ready to make a 20% down payment? An FHA Loan could be the answer.

With FHA Loans, you can get a home loan with as little as 3.5% down.

Take Advantage of FHA Loans to Make Your Dream of Homeownership a Reality

With FHA loans, you can finally purchase a home in the neighborhood you desire, with as little as 3.5% down. With minimal cash investment, and flexible credit score requirements, FHA loans are the perfect loan for homebuyers who earn a lower income, just graduated from school, or are newly married. If you’re a first-time homebuyer, or have previously been denied qualification for a conventional loan, consider the opportunities FHA loans have to offer.

At Homesite Mortgage, we specialize in helping our customers get into the home of their dreams. That often means offering unique programs that help qualify prospective homeowners who can’t get approved for a loan elsewhere. FHA Loans allow us to do just that.


What are FHA Loans?

FHA Loans are government-insured loans (by the Federal Housing Administration), which frequently qualify loan applicants who have traditionally-lower credit scores and less cash to offer for a down payment. Because of the minimal credit score and down payment requirements, borrowers must purchase mortgage insurance in order to protect the lender from a loss.


Why FHA Loans?

There are many benefits of FHA home loans that make them highly appealing to first time home-buyers, prospective home owners with low credit scores, and people who cannot qualify to buy a house through a conventional loan.

  • Only 3.5% Down Payment Required
  • Pay Mortgage Any Time Without Pre-Payment Penalties
  • Borrow Cash for Home Repairs
  • Marginal Credit Scores Accepted—as low as 580!
  • Loans are FHA-Guaranteed
  • Multiple Types of Mortgages Available
  • No Closing Costs—You May Be Covered!
  • Refinance up to 97.75% of Your Home’s Value
  • No Restrictions on Gifted Funds

What Options Exist for FHA Home Loans?

  • Fixed Rate FHA Loan
  • FHA Adjustable Rate Mortgage
  • FHA Graduated Payment Mortgage
  • Energy Efficient Mortgage Program