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%.

Loan Terms:

Up to 30 years

Loan Amounts:

Up to $417,000

Interest Rate Type:

  • Fixed
  • 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

Monthly Payment:

Principal plus interest

Annual Fee:

No annual fee

Additional Features:

  • 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.

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