FHA Loans

FHA loans — backed by the government — make homeownership possible for those with low-to-moderate income or savings.

• Eases home ownership for individuals/families who:
  • Have low to moderate income
  • Have limited savings or less than 20% for down payment or closing costs
  • Are buying their first home
  • Are looking to refinance an existing loan
• Government-insured home loans backed by the FHA
• Buy a home with minimal down payment (3.5%)
• Option to pay down payment or closing costs with a gift or grant
• Flexible income, debt and credit requirements
• Prepay your mortgage without penalty
• Local decision-making and processing right here in Pennsylvania
• Attentive, friendly service from start to finish

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FHA loans make a home mortgage available even if credit scores and income fall below the traditional measures for a home mortgage. Some of the basic qualifications are: 

• Two years of steady employment
• Any bankruptcy must be at least two years old
• Any foreclosure must be at least three years old
• Your new mortgage payment should not exceed 30% of your gross income (before taxes)

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