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%.

Terms:

Up to 360 months

Loan Amounts:

Up to $417,000

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