FHA Loans| Helping Create Homeowners Since 1934

What is an FHA Loan? 


An FHA Loan is insured by the Federal Housing Administration, a Federal Agency within the U.S. Department of Housing and Urban Development (sometimes referred to as the "HUD"). An occasional misconception, the FHA themselves do not actually loan money to borrowers. The loans still come from the Lender, however the FHA provides valuable aid to Homebuyers in other ways.

Okay, So What Does the FHA Do?

The FHA provides Lenders with protection through a mortgage insurance premium (MIP) in case the borrower defaults on his or her loan obligations. In turn, this insurance provides greater peace of mind for the Lender, who then has greater confidence to issue the loan. Since 1934, FHA Loan programs have been designed to help creditworthy low-income and moderate-income families who do not meet requirements for Conventional Loans.


FHA Loan programs are particularly beneficial to those buyers with less available cash, since they only require as little as 3.5% down compared to as much as 20% down for other loan programs. 


What Are Some Benefits of FHA Financing?

  • As Little As 3.5% Down Payment Required
  • Closing Costs Can Be Financed
  • Lower Monthly Mortgage Insurance Premiums (MIPs)
  • More Flexible Underwriting Criteria vs Conventional Loans
  • Greater Opportunity for Approval

FHA Maximum Loan Amounts vary by county and state.

Please visit the links below for the maximum FHA Mortgage Amounts listed by county and State.

FHA Maximum Mortgage Amount Limits

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