FHA Home Loans
Compared to other home loans, FHA is typically the most flexible mortgage product with lower minimums for down payment and credit score, while allowing a higher debt-to-income (DTI) ratio.
- 96.5% maximum financing
- Upfront mortgage insurance required as well as a monthly amount for term of loan
- Expanded qualifying ratios and flexible credit guidelines
- FHA maximum loan amount varies by geographical area determined by FHA
- No income limits or location restrictions
- Can be used for purchases and refinance
Information
FHA ID #1596200005