FHA Single Family

FHA finances more Single family real estate homes than most of the other types of properties combined. The basic single family FHA loan is called a FHA 203(B) mortgage loan .

for single family homes:

• Owner Occupied FHA single family is for owner occupied homes only meaning you intend on living in the property.
• Allowable Property Types are as follows
• Single Family Real Estate Homes (SFR)
• Condo's - (approved condominium complexes less than 4 stories)*
• PUD's - (Public Urban Developments)
• NO Maximum sales price but there is a maximum loan amount for this type of property.
• FHA Loan any homebuyer may use it (a common misconception is that FHA is for first time buyers only) as long as they do not currently have another FHA insured loan in their name, and if they do, it must be at a LTV of more than 75% of the current value of the home.
• Rental Property You may own other rental property that is not financed by FHA and still use a FHA loan to purchase a primary residence
• Condos and Townhomes must be in HUD approved projects.
• FHA will finance up to 97% of the value or purchase price of any of this types of property for a mortgage refinance or when using the FHA loan program to buy a home. The actual maximum loan amount will depend what state and county the property is located.
• Prequalify now

Find and Compare top, local REALTORs® to buy a home

From HUD | The Department of Veterans Affairs | Federal Deposit Insurance Corporation | General Services Administration | Internal Revenue Service | Small Business Administration | US Army Corps of Engineers | Customs | The U.S. Marshals Service | The Department of Agriculture Rural Development

Planning to Buy a Home? Compare REALTORS® First. It's Fast and Free! | Jul. 25-05

FREE First Time Home Buyer Reports! | Jul. 25-05