The FHA Loan Program benefits buyers to purchase a primary residence with low down payments while obtaining a favourable interest rate.
Save Money on Home Purchase or Refinance
FHA Loans are a great way to save money on your home purchase or refinance. Because these loans are insured through the federal government, FHA mortgages can be easier to qualify for than conventional home loans.
3.5% Down Payment
The biggest benefit of an FHA loan is a low down payment requirement. Buyers using this financing can put as little as 3.5% down toward their home purchase. FHA loans carry a 1.75% up front mortgage insurance fee that may be rolled into the loan. FHA borrowers are charged monthly mortgage insurance in addition to the up front fee.
Flat Branch Processes and Underwrites your FHA Loan
Flat Branch Home Loans is a Full Eagle FHA lender. Our status with HUD allows Flat Branch to underwrite FHA mortgages on behalf of the US Department of Housing and Urban Developement. This means your FHA loan will be processed and underwritten in Missouri by the friendly Flat Branch Home Loans staff.
Flat Branch makes FHA mortgages easy while saving you money!
FHA at a Glance
- Low 3.5% down payment
- Flexible credit score requirements
- Loans up to $275,665
- Insured by the Government
- No Income Limits
- Community Champions eligible