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FHA Loans

What you need to know

FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) which is part of HUD (Housing & Urban Development) insures the loan, which can mean:

  • Low down payments
  • Low closing costs
  • Easy credit qualifying

First-time homebuyers and repeat buyers may not always have a sizable down payment, which is why FHA loans may be the perfect solution for you as they offer:

  • Fixed and adjustable-rate loans
  • Maximum loan amounts determined by property location
  • Refinancing options
  • Seller contribution of up to 6% is allowed

FHA purchase loans allow a minimum of a 3.5% down payment - which can be gifted to the borrower(s) - and are subject to an Upfront Mortgage Insurance Premium (UMIP) of 1.75% of the loan amount.

If you would like more details, please contact us at 901-380-7530 or at

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Do you have questions about our loan products or services? Just give us a call or send us an email and we'll reply promptly.

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Payment Example: A 10 year fixed first mortgage loan with a 3.00% APR will have a payment of approximately $9.66 per thousand, which does not include insurance and taxes. Your payment may vary. Other rates and terms are available.  Loans are subject to approval criteria, not all applicants will qualify. Offers are subject to change or withdrawal without notice. Please see us for complete details. Equal Housing Lender. NMLS# 410640

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