FHA Loans

Your time is now.

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.

  • 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
  • Requirements:

  • Down Payment: 3.5% of the final loan amount.
  • Terms: 10, 15, 30 years, fixed and ARMs.
  • Credit Score: 640 minimum.*
  • Mortgage Insurance: Yes, one-time, up-front and monthly.
  • Maximum Loan Limit: Yes, varies by county.

* Unless approved by FHA Choice Manual Underwrite Process

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Element Funding is a Division of Primary Residential Mortgage Inc. PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval.
Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend.