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

Learn More about the Loan Application Process

A Federal Savings Bank home loan professional will answer any question you may have and walk you through the loan application process.

Get Pre-Approved!