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Purchase Loan

FHA Loan

Low down payment, flexible qualifying.

Overview

FHA loans are government-backed and allow down payments as low as 3.5% with more flexible credit requirements than conventional loans — great for first-time buyers and borrowers with less-than-perfect credit.

Ideal For

First-time buyers or those with lower credit scores or limited savings for a down payment.

Program Highlights

  • ✓Down payments as low as 3.5%
  • ✓More flexible credit score requirements
  • ✓Mortgage insurance required for the life of most loans
  • ✓Great fit for first-time homebuyers

Program terms and eligibility are subject to underwriting guidelines and may vary. 1st 2nd Mortgage Co. of N.J., Inc. is licensed in DE, VA. NMLS # 115981.