FHA Mortgage Options from MidCountry Bank

FHA Mortgages

Federal Housing Administration (FHA) mortgages are made available through the U.S. Department of Housing and Urban Development (HUD).

FHA mortgages are government insured security instruments that allow low- to medium-income individuals and families realize their dreams of owning their own homes.

An FHA mortgage can be an attractive program, especially for the first-time home buyer. Compared to conventional mortgage programs, FHA mortgages offer more moderate qualifying guidelines, gift funding and lower down payments.

Who do FHA Mortgages benefit?

  • Borrowers who are first-time homebuyers.
  • Borrowers with a higher debt ratio.
  • Borrowers who need to use alternative credit to establish a credit history.
  • Borrowers with less than perfect credit, as FHA tends to be more lenient.
  • Borrowers who are getting a gift for their source of funds to close.
  • Borrowers who need a quick pre-approval.
  • Borrowers using down payment assistance and/or grant money.
  • Borrowers that have a non-occupant co-borrower.

Let MidCountry Mortgage get you well-acquainted with the remarkable options offered by FHA mortgage programs. Contact one of our mortgage experts today!

Complete Homebuyer's Mortgage Guide

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Minimum and Maximum loan amounts apply. Rates and programs subject to change at any time. Loans subject to borrower qualifications, property evaluation and credit approval. All rates and program guidelines subject to change without notice based on consumer eligibility and marketing conditions. All loans subject to credit approval and compliance with underwriting standards.

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