History of the Program

The National Housing Act of 1934 created the Federal Housing Administration, which was established during the Great Depression when the rates of foreclosures and defaults had risen sharply.

This program allowed lower income Americans the ability to afford homes while at the same time being a self supporting government backed loan that allowed banks to lend without the worry of major default. 


FHA Mission

  • Help people realize the "American Dream" of homeownership

  • Stabilize and Revitalize Communities

  • Promote Economic Growth

  • Reduce Defaults/Preserve Neighborhoods




FHA Benefits

  • 3.5% Down Payment

  • Government insured loan

  • Loan can be manually underwritten

  • More lenient FICO score and debt to income ratio.

  • More lenient guidelines on borrowers collection accounts, prior bankruptcies, foreclosures and shortsales.

  • More lenient seller contributions of up to 6%

  • Gift funds allowed

  • Non-occupant co-borrowers allowed


 (Minimum FICO score of 580 with 3.5% down and up to a minimum FICO score of 560 with 10% down.)

(Minimum FICO score of 580 with 3.5% down and up to a minimum FICO score of 560 with 10% down.)


Flexible Credit Guidelines

FHA loans are known for being flexible with credit. If little credit history exists, the borrower must obtain either a Non-traditional Mortgage Credit Report (NTMCR) or Independent Verification of Non-Traditional Credit Providers. A buyer may have credit scores in the low 600's or a previous foreclosure, short sale, or bankruptcy. Therefore, for these reasons, buyers purchasing a primary residence should explore this product.


Get More Information on the FHA Loan today!

To Find out if you qualify for an FHA Loan, fill out the form below.

Name *
Phone *