FHA Loan Types

Choose from Several FHA Mortgage Programs:

FHA LOAN: ADJUSTABLE RATE

The FHA adjustable rate mortgage is a HUD mortgage specifically designed for low and moderate-income families who are trying to make the transition into home ownership.

FHA LOAN: FIXED RATE

An FHA loan benefits those who would like to purchase a home but haven't been able to put money away for the purchase, like recent college graduates, newlyweds, or people who are still trying to complete their education.

ENERGY EFFICIENT MORTGAGE

The FHA Energy Efficient Mortgage program (EEM) helps current or potential homeowners significantly lower their monthly utility bills. It allows them to incorporate the cost of energy efficient improvements into their new FHA home loan or FHA refinancing loan.

GRADUATED PAYMENT MORTGAGE

Graduated Payment Mortgages are FHA loans for homebuyers who currently have low to moderate incomes but expect them to increase substantially over the next 5 to 10 years.

FHA LOANS FOR CONDOMINIUM UNITS

FHA Condominium Loans are specifically designed toward those who purchase housing units in a condominium building.

FHA REHAB LOAN

FHA Section 203 (k) allows lenders to finance the purchase of a home and also provide funds for rehab of properties.  There are some limitations in terms of what can be done on a property- so please call us for details.

GROWING EQUITY MORTGAGES

FHA Section 245(a) allows those who currently have a limited income, but expect that their monthly earnings will increase, to purchase a home with the help of a Growing Equity Mortgage in which payments start small and increase gradually over time.