FHA Home Loan
An FHA loan provides a government-insured loan with flexible loan options. Less stringent credit requirements and qualifications make this loan the easiest loan for buying a home or refinancing on Cape Cod or the Islands. Save money with an easy and fast FHA loan, qualifying is simple! Â Check out our FHA Loan rates here:
How It Works
- Pay your mortgage at any time without pre-payment penalties
- 30-, 25-, 20- and 15-year terms are all available with fixed rates
- 5-year adjustable-rate mortgage available
Loan Features
- Higher qualifying ratios compared to conventional loans
- Down payment requirement of as low as 3.5%
- Flexible income, debt, and credit requirements to help you with qualification
- Generally has a lower rate than a conventional loan
- Upfront and monthly mortgage insurance payment
- Cannot exceed statutory loan limits
FHA Loan Qualification Requirements
- Credit scores as low as 580 may qualify
- Refinance up to 97.75% of your primary home’s value
- Buy a home with as little as 3.5% down (primary home)
Got questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!
**Slade Mortgage Group, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.
