First time home-buyer? An FHA  (Federal Housing Administration) loan may be the perfect loan program for you. Borrowers can qualify for loans that include 3.5% of the total loan amount to be used for down payment and closing costs for home purchases across the state. This type of mortgage is backed by the US Department of Housing and Urban Development. FHA loans are desirable because often you can qualify with less particular credit requirements.

• Generally easier to qualify for than conventional loans
• Lower down payment requirements
• Cannot exceed statutory loan limits
• No prepayment penalty
• Minimum credit score of 640
• Fixed or adjustable rates
• Available for primary residence only
• Must be appraised by FHA-approved appraiser
• Down payments as low as 3.5%
• Mortgage insurance required
• Wide range of terms customized to your unique situation
• Helpful loan advisors with working knowledge of the local real estate market
• Take an early step and get pre-qualified to provide an estimate of what you might be able to borrow for your new home.
• No pre-payment penalty
• Personalized service from lenders you can trust.

^{All loans subject to credit approval}