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The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so that Mann Mortgage can offer you a better deal. FHA loans are open to all qualified home purchasers. While there are limits to the size of FHA loans, they are generous enough to handle moderately-priced homes almost anywhere in the country. FHA loans offer a low down payment and more flexibility than many other types of financing.


  • Competitive Interest Rates

  • Down Payment as low as 3.5% (can be gifted by a family member/relative)

  • Low Credit Qualifying

  • Non-Owner Occupied Co-Borrower Allowed

  • Up to 6% Seller Contribution for Closing Costs

  • Low Closing Costs

  • No Income Limits

  • Flexible Requirements

Due to their relatively low Down Payment and less strict underwriting guidelines compared to Conventional Loans, FHA mortgages are a very popular loan product. But they are not for everyone.

If you have mild credit issues, recent short-sales/bankruptcies/or foreclosures, or want a loan with a smaller down payment than other popular programs, and FHA Loan may be a good choice to buy your next home.

  •  Minimum Down Payment

  • Terms (Years)
30, 25,20,15 Fixed and Adjustable

  • Gift Funds Allowed

  • Eligible Homes
Single & Multi-Family, Manufactured, Condo

  • Seller Paid Closing Costs
Up to 6% of the Sales Price

  • Loan Limits
Varies by County (Spokane, WA $294.515)

  • Max DTI
31/43 (Higher DTI’s Allowed in Some Cases)

  • Minimum Credit Score
FHA None (Most Lenders Require 600+)

  • Availability
All US States, Owner Occupied Only