FHA has new loan limits in Arizona and other states. To see the current limits in your county, check the following link. FHA Mortgage Limits.

If you would like to apply online for an FHA mortgage, Please start your online FHA application here.

An FHA home loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

Some of the other benefits of FHA home financing:

• Only a 3.5 percent down payment is required.
• Closing costs can be financed.
• Lower monthly mortgage insurance premiums and, under certain conditions, automatic cancelation of the premium.
• More flexible underwriting criteria than conventional loans
• Loans are assumable to qualified buyers.

FHA Mortgage Programs

• FHA 203(b) This FHA mortgage loan is funded by an approved lending institution and insured by HUD
• FHA 203(h) This FHA mortgage is for victims of a major disaster who have lost their homes and are in the process of rebuilding or buying another home.
• FHA Section 255 Home Equity Conversion Mortgage (HECM) aka Reverse Mortgage This FHA mortgage loan is for senior homeowners age 62 and older who want to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home.
• FHA 203(k) Mortgage HUD's primary FHA program for the rehabilitation and repair of single family properties.
• FHA 203(k) Streamline Mortgage This FHA Loan program permits homebuyers to finance an additional $35,000 into their mortgage to improve or upgrade their home before move-in.
• FHA Energy Efficiency Mortgages FHA mortgage program helping homebuyers or homeowners save money on utility bills by enabling them to finance the cost of adding energy-efficiency features to new or existing housing as part of their FHA-insured home purchase or refinancing mortgage.
• FHA Adjustable Rate Mortgage
• FHA Mortgage Buydown program