FHA Loans

FHA (Goverment)

FHA loans are a great option for many buyers because getting started with an FHA loan is simple and straightforward. FHA loans allow for 100% gifts (although the gifts must be sourced), giving you greater flexibility in your payment schedule. No matter what your home ownership roadmap looks like, FHA loans are an effective and practical way to bring you closer to your goal. FHA loans require no minimum and have a maximum of $402,500 for a single-family home and $515,250 for a duplex. FHA loans also work well for multi-family units. While FHA loan for condos can be a complex process, we have a team of trusted advisors on hand to help you. Another advantage that FHA loans bring is the flexibility they offer for buyers who need more flexible credit guidelines. Previous credit issues including bankruptcy, foreclosures and short sales have more relaxed guidelines. FHA loans also offer a higher debt to income (DTI) ratio of 56.99%. Because FHA loans are more lenient, you can finance with a score as low as 580. Although most borrowers are only allowed FHA loan at a time, exceptions can be made if certain conditions are met. We look forward to working with you and helping you learn more about whether an FHA loan is the best option for you today.