FHA-Insured Loans offer many benefits and a level of security that you won’t find in other loans. While these loans are funded by Academy Mortgage, the Federal Housing Administration (FHA) insures these mortgages so Academy can offer you a better deal. With flexible qualification guidelines, these loans are particularly designed to benefit first-time homebuyers and buyers who don’t have perfect credit or a lot of money to put down.
FHA-Insured Loans overview:
- Low down payments (as low as 3.5% of the purchase price).
- Fixed-Rate and Adjustable-Rate Mortgages available.
- 100% gift funds acceptable for down payment and closing costs.
- No prepayment penalty.
- Flexible qualification guidelines.