• FHA Loans
  • FHA Loan Advantages

    The FHA loan program has been around since 1934 and has assisted many people with obtaining their homes.  FHA loans only require a 3.5% down payment and qualifying guidelines tend to be geared towards first time homebuyers.  More information is available at www.hud.gov.

     

  • FHA Loan Requirements

    There are a few property requirements for FHA loans:

    • The home must be the borrowers primary residence
    • Loan limit for a single family home is $275,665 and up to $530,150 for a 4 plex (Pima County)
    • Can be used for site built homes, condominiums, townhomes and manufactured homes

     

  • FHA Loan Fees

    FHA is a great loan and works well for some people, but there are fees associated with FHA:

    • Upfront mortgage insurance premium (this fee is normally financed into the loan)
    • Monthly mortgage insurance payments (life of the loan)