FHA Loans

Federal Housing Authority Loans are insured by the federal government to provide homeownership opportunities to more American families.

We make first-time home buying easier with our FHA loan options. As an established FHA loan lender, our team helps you take the necessary steps to finance and move into your dream home.

FHA Loans are geared toward hard-working families in low- to moderate-income brackets. Down payments are lower than conventional mortgages. And you can choose from various terms with fixed or adjustable rates.

Key Features of FHA Loans

  • Allows you to purchase a home when you have limited resources
  • Ideal for first-time homebuyers from low- to moderate-income families
  • Purchase a home using a lower down payment


Down Payment3.5% of the final loan amount
Terms10, 15, 20, 25, 30 years, fixed and ARM
Credit Score640* minimum
Mortgage InsuranceYes, one-time, up-front and monthly
Maximum Loan LimitYes, varies by county
* Unless approved by FHA Choice Manual Underwrite Process


An FHA-insured mortgage is currently one of the best mortgages available. Here are some of its key advantages over conventional loans:

Easier down payment and credit score requirements. The requirements for FHA loans are much lower than conventional loans. You can qualify with a credit score of at least 640 and a down payment of just 3.5% of the final loan amount.

Low interest rates. With the government’s backing, FHA mortgage rates are lower than most traditional mortgage rates. In some cases, an FHA borrower with a credit score of 660 can qualify for the same rate as a conventional borrower would with a credit score of 740.

Better home stability. Some FHA programs are designed to help you keep your home during hard times and prevent foreclosure. It’s highly advised to work out problems with the lender before the situation gets more and more difficult to manage.

With FHA Loans and our assistance, buying a home has never been easier. If you’re ready to move forward, choose Primary Residential Mortgage. With over 15 years of experience in the mortgage industry, we have an intimate knowledge of the local market and the national presence to leverage better terms and rates.

Talk to Tom today for more information about FHA Loans. Or get started by requesting a quote today.