Inside Track


Don’t give up your goal of owning a home, just because you’d have difficulty qualifying for a conventional loan.

FHA loans, backed by the Federal Housing Administration, are available even if you’ve had credit problems in the past, or if you have limited funds available for a down payment or closing costs.

In addition to low competitive interest rates, an FHA loan will offer you the following:

  • Low mortgage insurance premiums
  • Down payment as low as 3.5 percent
  • Available for 1-4 unit single-family homes and FHA-approved condos
  • Up to 6 percent seller assist
  • Gift funds can be used for down payment or closing costs
  • Non-occupant co-borrower can be added to the application