Down-Payment-Assistance Loans

Down-Payment-Assistance Programs

Federal Housing Administration (FHA) mortgages offer flexible lending standards that can benefit many homebuyers. An FHA-insured loan is backed by the U.S. Department of Housing and Urban Development (HUD) and is available to buyers across the country.

FHA home loans are a popular option for many first-time homebuyers. However, it’s important to note that FHA loans are not limited to first-time buyers. Borrowers may still qualify for an FHA loan even if they have less-than- perfect credit, a lower credit score, a past bankruptcy, or need a co-signer.

Another advantage of FHA financing is the more flexible debt-to-income ratios, which can make it easier for buyers to qualify for a mortgage.

• • First-Time Buyers
  • 3.5% down-payment
  • FHA maximum loan is $541,287. (Contact us for High-cost Area)
  • Borrowers with lower credit scores
  • Allows for lower down-payments
  • Down-payment can be grants, gift funds, or even borrowed from retirement funds (such as 401K Plans)
  • FHA Loans also allow for Down-Payment Assistance programs