FHA Loan


The Federal Housing Administration (FHA) runs several lending programs that can help homebuyers with limited credit or income, including first-time homebuyers. Government-insured FHA home loans – which come as fixed-rate or ARMs – offer affordable interest rates, a low minimum credit score and a down payment as low as 3.5 percent. 

Benefits of an FHA Loan:

  • As low as 3.5% of the home purchase price is required for a down payment
  • Gift funds are accepted to help borrowers with a down payment
  • Multi-family up to four units, owner occupied purchase & refinance
  • Streamline refinance

When applying for an FHA loan, it's important to bring the following documents to your lender:

  • Tax returns (two most recent federal and state returns)
  • Recent income statements (two most recent pay stubs)
  • Bank statements (60 days worth of statements)
  • List of your current loans (school, car, credit cards) and how much you owe for each
  • And other documents depending on your current life situation
    • Proof of rent payments if you are a renting
    • Court divorce decree and any child support and alimony payments
    • Letter from those you received a significant monetary gift towards your down payment

Are you considering whether an FHA loan is right for you? Your HAUS Mortgage team can provide you more details on the benefits and requirements. Give us a call today to learn more at 717-971-0025

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