FHA Loans


The Federal Housing Administration (FHA) was formed as part of the National Housing Act of 1934 in an effort to help increase homeownership opportunities after the Great Depression. FHA loans were created to help

borrowers who would not normally be able to buy a home at the time. FHA provides mortgage insurance for lenders to help offset risk when lending to first-time homebuyers and low-to-moderate income borrowers. At the time, they pioneered terms such as:

  • Low Down Payments
  • Long Term Financing options out to 30 years
  • Easier Qualifying
  • 100% Gift Funds allowed for Cash To Close
  • Low, competitive rates

 These advantages still hold true today. If you would like

to learn more about FHA loans, please reach out to one of our Loan Officers.