• Federal Housing Administration

  • Federal Housing Administration

  • A low down payment could open the door to your new home! Insured by the Federal Housing Administration, FHA loans were originally designed to serve first-time buyers with less than perfect credit  or past credit issues. Today, FHA loans are generally more flexible in credit, income, and down payment requirements making them a secure choice for borrowers who might not qualify for Conventional loans.  
  • Why Get an FHA Loan?

    • Put down as little as 3.5% for fixed-rate loans 
    • Credit scores as low as 580 may be accepted 
    • Fixed and adjustable rates are available 
    • It's possible to refinance a Conventional loan into an FHA loan
    • FHA to FHA streamline refinances does require an appraisal 
    • Available for cash-out refinance or rate/term refinance 
    • FHA-eligible down payment assistance programs allowed with a Cardinal Financial approved program