FHA Loan

Insured by the Federal Housing Administration (FHA), this loan offers flexible down payment, income and credit qualifications. The loan requires a low down payment or equity and is available with either a fixed rate or adjustable rate option.

Features of This Loan

  • Low, 3.5% down payment requirement on a purchase loan
  • As little as 2.25% equity on a refinance of your current mortgage
  • Refinance and pull cash equity from your home up to 85% of your home’s value
  • Flexible credit guidelines
  • Seller able to pay much of closing and prepaid costs
  • Down payment and closing and prepaid costs may be paid funded by a gift from a relative or a qualified non-profit grant
  • May qualify for a streamlined refinance with no appraisal required
  • Ability to buy up to a 4-unit property to live in one unit and rent the others
  • No income limitations

first time, keys, homebuyer

For Borrowers With the Following Consideration Points

  • Little savings or little equity
  • Less than perfect credit
  • Need a non-occupying co-borrower
  • Beginners rental property
  • Alternative to a USDA Loan for properties not located in a USDA-eligible rural area
  • Currently have an FHA Loan and wish to refinance

Contact a Mortgage Advisor online or call us at 717-249-7500.

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We have access to one of the most extensive product lines in the industry to assist our clients with their home loan needs. What loan option is the best for you? Good question…