FHA Mortgages

FHA loans were created by the US Department of Housing and Urban Development (HUD) to help those consumers who may not normally qualify for a conventional mortgage.

FHA borrowers can take advantage of more flexible underwriting guidelines such as:

  • Lower Down-Payment Requirements
  • Qualify with less income
  • Qualify with less than stellar credit (Credit scores as low as 580 may be available)
  • Use gift money for down-payment
  • FHA Streamline Refinance (Appraisal may not be required)