FHA loans are federally insured, which may require a smaller down payment and may offer a lower interest rate than a comparable conventional loan. This might be the right loan for you if you are a first-time homebuyer or if you have limited cash for a down payment and closing costs.
A credit score of at least 580 with a 3.5% down payment, or a credit score of 520 with a 10% down payment.
A Debt-to-Income ration of 43% or less.
The home being purchased must be your primary residence for at least one year.
3.5% down payment with credit scores as low as 580
10% down payment with credit scores as low as 520
Use in conjunction with Down Payment Assistance Programs
New maximum FHA loan limit of $472,030.00
FHA loans are federally insured, which may require a smaller down payment and may offer a lower interest rate than a comparable conventional loan. This might be the right loan for you if you are a first-time homebuyer or if you have limited cash for a down payment and closing costs.
Certain restrictions apply on all programs. See your First Liberty Bank Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APR's) for all loan programs. Full underwritten approval is required and all loan approvals are subject to credit, income and asset review and approval.
Our online application makes it quick and easy to get started. We have experienced mortgage loan officers ready to help you make the best financial decisions for your unique situation.