As a first-time homebuyer or a military veteran, you can benefit from government-backed mortgage options.
Key Features
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Low or No Down Payment
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Competitive Rates
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Quick Decisions
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Local Processing
FHA loans are federally insured, which may require a smaller down payment and may offer a lower interest rate than a comparable conventional loan. This might be the right loan for you if you are a first-time homebuyer or if you have limited cash for a down payment and closing costs.
- Down payments as low as 3.5%
- Fixed or adjustable interest rate
- Flexible terms up to 30 years
- Requires FHA mortgage insurance
- Balloon payment options not available
*APR = Annual Percentage Rate. Rates subject to change and based on creditworthiness. At a rate of 5.5%, 360 monthly payments of $5.68 per $1,000 borrowed
If you have been a member of the U.S. Military, you may qualify for a VA loan to help you purchase a primary residence. VA loans are federally guaranteed, which can make home buying more affordable with a fixed interest rate and payment, no monthly mortgage insurance to pay, and, in some cases, no down payment requirement. If you are a veteran, we would also like to thank you for your service.
- Up to 100% financing for eligible military personnel
- Fixed/level payment of principal and interest for the life of the loan
- Balloon payment options not available
- Flexible terms up to 30 years
- Monthly mortgage insurance not required