fha loans

The Different Types of FHA Loans

  • FHA loans are available with different terms, so you can choose the length of the mortgage that works for you.
  • Think you’ll refinance or move within a few years? An FHA adjustable rate mortgage comes with a low fixed rate for the first five years.
How FHA Loans Work
  • You get an FHA loan from an FHA-approved mortgage lender.
  • The loan is insured by the Federal Housing Administration.
  • Because of that insurance, the credit and income requirements for an FHA loan are more lenient.
  • To help fund the FHA program, in most cases you’ll pay mortgage insurance, which is added on to your monthly payment.
  • The home you want to buy will have to meet the FHA’s minimum property standards.

Flexible Terms

You can qualify with a lower credit score compared to other loans

Low Down Payments

You can buy a home with a down payment as low as 3.5% on a 1-4 family home.

Easy Refinancing

If you already have an FHA loan, you can refinance with FHA Streamline to lower your interest rate without providing income documents or ordering an appriasal.

Forgiving Qualifications

You may qualify even if you’ve had financial difficulties in the past, like a bankruptcy

Closing Costs

You may be able to roll your closing costs into your loan by selecting a slightly higher than market rate

Federally Insured

The loan is insured by the Federal Housing Administration
Stonegate Mortgage focuses on the individual needs and financial goals that are unique to each of their clients. Stonegate helped me re-finance my home and got me a better rate than I thought I would be eligible for. I trusted Stonegate Mortgage enough to recommend them to others in my family, who got the same great service and an excellent rate as first-time buyers.
Curt D.

Years in business

Loans closed

Day Processing Goal


Get Properly Pre-Approved or Properly Refinanced online.


Meet with one of our experienced advisors.