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Government Loans-FHA Fixed 30
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.

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

FHA 30-Year Fixed Rate Loan
  Loan Purpose Can This Loan
Be Used?
  Largest Loan Amount   Minimum Equity 
after loan is closed
  Buying a home
  Standard Refinance
  Refinance cash out
Yes
Yes
Yes
*
*
*
3% approx.
3% approx.
15%


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