FHA Loans

CityWorth Mortgage can help you qualify for a Federal Housing Administration (FHA) loan. Since this type of loan is insured by the FHA, the requirements are more lenient than those of a conventional loan. Some of the benefits are low down payments, low closing costs, and easy credit qualifying. An FHA loan is a great opportunity for first-time homebuyers. For more information on the credit requirements and benefits of a FHA loan, click here


Advantages of an FHA loan


  • Minimum down payment of 3.5% (read about acceptable sources of down payment)
  • Minimum credit score of 620 
  • No pre-payment penalties
  • Low interest rates
  • Easier credit qualifying

FHA loans have specific debt-to-income guidelines that borrowers must meet to be eligible. Read about those guidelines here.

The FHA has specific loan limits set for each state and county. These loan limits have recently increased in many states. Review the FHA loan guidelines here.


FHA Loan Programs

FHA Home Purchase Loan

With a down payment of just 3.5% of the purchase price, credit scores from 620, and easier credit qualifying, FHA might be just what you need. Available on 1-4 unit properties.


FHA Streamline Refinance

This program enables a homeowner to lower their interest rate fast. It allows the homeowner to skip verification for credit, income, and employment history. Also, this program does not require that a borrower’s property be reappraised. The FHA bypasses this by using the original selling price of the home.

Are you interested in learning more about FHA loans? Read our FHA FAQ here!

Apply for your free quote today or give us a call at (877) 908-6250.


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