FHA Loans | Rayne Building and Loan
What is an FHA loan?
An FHA home loan is a mortgage insured by the Federal Housing Administration. FHA loans feature low down payments, flexible credit requirements, and more
purchase power. Benefits include:
- More flexible underwriting qualifications than conventional loans
- No maximum income restrictions
- Seller contributions allowed
- Mortgage Insurance Premium (MIP) applies
- No prepayment penalties
Is an FHA loan right for you?
From first-time homebuyers to lower-income families, FHA home loans can benefit all types of customers. Not sure if your current finances or credit rating
will let you qualify for a mortgage? A secure government-insured loan could be right for you!