FHA Loan Benefits

Easier to Qualify for –FHA does allow for lesser strict guidelines on some issues.  Bankruptcies must have been discharged for at least 2 yrs

as compared to a conventional loan's 4 year guideline. We also work with lenders that will allow credit scores of 580 compared to a

conventional loan of 640.

Low Down Payment – FHA insured mortgages only require a 3.5% down-payment which makes it easier for people to own homes. Additionally the 3.5% can come in the form of a gift from family.

Better Interest Rates – FHA loans typically have a better interest rate than most traditional mortgage loans.

Refinancing- can sometimes by much easier and can be without an appraisal.