Personal Banking
FHA Loans
FHA loans offer competitive interest rates with easier qualification. A great product for first-time home buyers, those with less than perfect credit, or home buyers that don’t have a lot of money to put down on a house. Additional benefits of an FHA loan include:
- Down payments as low as 2.25% if borrower is paying all or part of closing costs.
- All funds required for closing may be gifted.
- Interest rates are not increased for derogatory credit.
- Borrowers without credit scores may be approved with alternative credit resources.
- Rural properties and manufactured homes (manufactured after 1976) are acceptable.