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