FHA Loans

First time homebuyer?
FHA loan programs are a great choice for you offering:

  • Great pricing, lower down payment
  • Less stringent underwriting process
  • Minimal down payment
  • Reasonable interest rates

Did you Know...?

The Federal Housing Administration, a component of the US Department of Housing and Urban Development, designed FHA-Insured Loans with security and perks that cannot be found with other types of mortgage loans. Specifically built to help first-time homebuyers and buyers who may have a blip on their credit report or don’t have a large down payment get a loan, FHA loans provide borrowers with flexibility and adaptable qualification guidelines.

Most common FHA Insured Loans:


  • FHA 203(b) Home Mortgage Loans for qualified buyers looking to buy or refinance a primary residence.
  • FHA 203(k) Renovation Loans for those seeking to buy a home that needs a bit of repair and have the cost of rehab wrapped up into the home loan, or those looking to refinance their current mortgage and add remodel and repair costs.
  • FHA Energy-Efficient Mortgages for those looking to update their home to be energy efficient; for example, adding solar panels or improved insulation.

Additional perks of a FHA mortgage:

  • Low down payments (as low as 3.5% of the cost of the home)
  • Fixed-rate and Adjustable-Rate Mortgages offered
  • 100% of down payment and closing costs can be acquired via gift funds
  • No prepayment penalty
  • The qualification requirements are very flexible

FHA-Insured Loans are especially beneficial for the following home buyers:


  • First-time home buyers
  • Homebuyers with limited money to put down
  • Homebuyers that may have credit issues
  • Homebuyers wanting low monthly payments
  • Homebuyers interested in refinancing a costly home loan
  • Homebuyer seeking to finance one- to four-unit structures or approved condominiums

Drew Dodds

Loan Officer | NMLS ID 1289137

520-488-3063