Are you self-employed, a first-time buyer, or a borrower with non-traditional credit? An FHA loan may be perfect for you. Insured by the Federal Housing Administration (FHA), FHA loans have no income limit, no geographic restrictions, and have liberal qualification requirements. Typically FHA also offers a lower down payment, lower monthly insurance premiums, and lower closing costs. This loan type can be used to buy an existing home, build a new home, or even refinance your current home into an FHA mortgage (really, the options are endless).

If an FHA loan doesn’t fit your needs, check out our RD loans, which require no down payment.

  • Lower credit scores allowed
  • Down payment can be a gift from acceptable sources
  • 3.5% down payment
  • Mortgage Insurance: Upfront MIP of 1.75% added to the loan, monthly premium = loan amount x .85% / 12 mo. (Mortgage insurance lasts for the life of the loan unless it is a 15-year term)

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Down payment requirements, closing costs, and loan amounts are for illustrative purposes only; subject to credit qualification, not all applicants may qualify. Not a commitment to lend. Not affiliated with or endorsed by any government institution. Please contact us for an exact quote and for more information on fees and terms.

Treadstone Funding propelled by Neighborhood Loans NMLS 222982 “Illinois Residential Mortgage Licensee No. MB.6759826. For licensing information, go to www.nmlsconsumeraccess.org