FHA Home Loans
Low down payment loan options and competitive rates
Looking for a great loan option, but you have a not-so-great credit history or need to make a smaller down payment? Consider an FHA loan and purchase your primary residence with a low down payment of 3.5%.
An FHA mortgage is a home loan that’s backed by the government and insured by the Federal Housing Administration (FHA). The lending requirements are more flexible and the qualification process is usually a little easier than it is with conventional loans. While FHA loans typically have lower interest rates than conventional mortgages, they do require monthly mortgage insurance.
First IB offers FHA loans with both fixed and adjustable rates — with no underwriting fees.
Learn more about FHA loans or contact one of our experienced mortgage loan specialists at 1-866-742-5158 with any questions you might have about the FHA loan process.
If you’re ready to apply, get started today with our online application.