FHA Loans

FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA), but you don’t have be a first time home buyer to take advantage of the program.  The federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.  The minimum down payment on a purchase is  3.5% .    Refinance options are also available using an FHA loan.