The Federal Housing Administration offers this program designed for lower income Americans. Typically, an FHA loan requires a lower down payment and closing costs. Oftentimes, borrowers who could not secure traditional lending can qualify under FHA guidelines.
Though FHA Loans are a federal program, the loans are typically serviced through GNM. You enjoy the same great, local service as with all our loan programs.
For payment examples, utilize our Mortgage Calculator.
* For qualified borrowers. Terms and conditions apply.