FHA mortgage loans are insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

FHA loans are an attractive option, especially for first-time homeowners:

• Generally easier to qualify for than conventional loans.
• 3.5% minimum down payment
• Loan limits as high as $346,000 in most areas.
• Can obtain a gift for the entire down payment and closing costs.
• Seller can pay closing costs and prepaid items (taxes and Insurance)
• Non-Occupying Co-Borrowers are allowed to help with qualification

Learn more about FHA loans. (Department of Housing and Urban Development)