Prequalify Online Pay My Mortgage Login
What We Offer

Federal Housing Administration (FHA) Loan

If you’re not sure you can afford a typical down payment for a conventional home mortgage, you may want to consider an FHA loan. Loans through FHA generally involve a lower down payment as compared to conventional loans; however, the loan amount may have limitations.

How does an FHA loan work?

The FHA does not technically extend the money to the borrower; rather borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. Created as part of the US National Housing Act of 1943, the FHA loan was designed to help stabilize the nation’s home financing system. FHA guidelines are generally not as strict as government-sponsored enterprises like Fannie Mae and Freddie Mac.

Highlights of a FHA Home Loan

  • With down payment options as low 3.5%, you'll need less cash up front for your down payment and closing costs with an FHA home loan.
  • FHA home loans allow you to use certain types of gift funds for your down payment and closing costs.
  • Use an FHA loan to purchase or refinance your home, repair or remodel your new home purchase, or to refinance and remodel your current home.
FHA Sample Loan Scenario
Sales Price $190,000
Loan Term 30 Year Fixed Rate
Down Payment $6,650.00
Loan Amount $183,350
Interest Rate 4.875%
APR 6.308%
Mortgage Insurance $129.87
Est. Monthly PaymentEst. Monthly Payment: $1,117.15
Let's Start the Conversation

Other home loan options may better suit your needs. Talk to a Certainty Home Loans mortgage professional to discuss which home loan option best suits your needs. The zip code should be in the state where you intend to purchase or refinance.


Yes, I'd like to receive information from Certainty Home Loans.

Tools & Resources

What will my mortgage payment be every month?

Find out here with our mortgage calculators. Use our other great resources too like a mortgage glossary, mortgage checklists, and...