FHA LOAN ADVANTAGES:

  • Suitable for homebuyers who don’t have much for a down payment. Only a 3.5% down payment is required - can be a gift or grant

  • Under the FHA streamline program, current FHA loan borrowers can refinance with no appraisal

  • Seller can contribute up to 6% of your closing costs

  • The FHA loan is a great product that helps many people refinance or become homeowners

resources for low down payments

Directors Mortgage offers the Federal Housing Administration (FHA) loan to assist borrowers who may need a low down payment and flexible mortgage guidelines.

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FHA