What is an FHA Loan?

FHA loans are available to homebuyers who plan to make a low down payment (as little as 3.5 percent). There are no maximum income or earning limitations, and fixed-rate loans are available.

Key Aspects to Remember

  • If you need financing for more than 80% of your home value, the FHA loan is a good option to consider.
  • FHA loans do not carry prepayment penalties, giving you the flexibility to refinance or pay off your mortgage early without incurring any fees.

 

Popular Among:

  • First-time Homebuyers
  • Buyers who meet FHA lending guidelines

How much house can you afford? Find out with our Mortgage Calculator.


Our Preferred FHA Loan Providers are:

 
Evansville Teachers Federal Credit Union

Springs Valley Bank and Trust

A mortgage professional will answer any question you may have, and he or she will walk you through the loan application process. Or call us at (812) 615-0137 to get started.