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Government Loans-FHA
Fixed 30
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The Federal Housing Administration (FHA) insures loans so that if buyers default
for some reason, the lenders will get their money. This encourages lenders to give
mortgages to people who might not otherwise qualify for a loan. You may be able to
get a FHA loan with 3% down, or even less! Talk to your MorNext Home Loan Advisor
to see if a FHA loan might be right for you.
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FHA Loan Facts*
The maximum loan amount for an FHA insured loan is determined by the county where
the property is located. You can contact your MorNext Home Loan Advisor or visit
the FHA loan limit calculator site at
https://entp.hud.gov/cgi-bin/websql/idapp/html/hicostlook.hts
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FHA 30-Year Fixed Rate Loan
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Loan Purpose
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Can This Loan Be Used?
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Largest Loan Amount
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Minimum Equity
after loan is closed
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Buying a
home Standard Refinance Refinance cash out
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Yes
Yes
Yes |
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*
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3% approx.
3% approx.
15%
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