FHA Loans

No, repeat home buyers may also qualify for FHA loans. You can also use an FHA loan to refinance your current mortgage.

Yes, you can have a co-borrower for your FHA loan. At least one person on the loan must live in the house as their primary residence. A co-borrower may help make it easier to qualify. For the 3.5% down payment, your co-borrower needs to be a family member — including parents, spouses, children, siblings, grandparents, aunts/uncles, or in-laws.

Yes, you can opt to pay a larger down payment. The more you put down, the lower your monthly mortgage payment will be. Alternatively, you could go with the lowest down payment and use extra funds for closing costs. We’ll help you determine which strategy is best for you.

Yes, it’s possible to use some kinds of down payment assistance when you qualify for an FHA loan. Our loan officers can help figure out what you might be eligible for.

FHA loans are backed by the government, so rates tend to be lower than conventional mortgage rates. The rate you get will depend on your financial history, the amount you’re borrowing, your down payment amount, and other factors.

You have several options: An FHA Simple Refinance lets you lower your rate or switch from an ARM to a fixed-rate loan. An FHA Streamline Refinance doesn’t typically require an appraisal or in-depth credit report. An FHA Cash-Out Refinance lets you take on a larger mortgage and receive the difference as a lump sum.