Federal Housing Administration (FHA) Loans
For customers who are looking to purchase a new (or first) home and have limited funds for a down payment or are looking to refinance their existing home and their LTV is above 80%.
Up to 30 years
Up to $417,000
Interest Rate Type:
- Adjustable - fixed interest rate for initial term adjusting annually thereafter
Maximum Loan To Value (LTV):
- Primary residences 96.5% LTV
- Refinances 97% LTV
- Cash-out refinances 85% LTV
Principal plus interest
No annual fee
- Upfront mortgage insurance premium of 1.00% may be financed
- Maximum seller assistance on purchase transactions of 6%
- Down payment assistance programs may be available
Loans are subject to credit approval and property appraisal.