FHA home loans provide the flexibility needed for many people to buy their first home. They require a minimum down payment of 3.5% and have lower credit score requirements than other loan programs.
As part of our commitment to help people in our communities achieve their homeownership goals, The Federal Savings Bank offers FHA Loans provided by the Federal Housing Administration. FHA loans are a great option for people who will be using the property as their primary residence or who are seeking to refinance their current home.
We provide a wide range of FHA loan programs, from Construction to a 203k, which allows you to buy a home and fix it up with one single loan. Get in touch with our specialists to learn more about the options we offer.
FHA loans are ideal for people who are:
Please keep in mind that FHA Loans provide more flexibility but come with some requirements such as:
This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to you individual situation.