The FHA loan’s combination of low rates, low down payment, and flexible lending guidelines help more homebuyers to qualify for home loans.
Minimum down payment required
Primary residence only
Gift funds allowed
Maximum loan limits apply and vary by stateand county
No income limits
Monthly mortgage insurance (MIP) and upfront premium are required
Closing costs can be paid by the seller, builder or lender
Higher debt-to-income ratios permitted
Borrowers must have a property appraisal from an FHA-approved appraiser.
*Hallmark Home Mortgage, LLC is not associated with the government, and our service is not endorsed by the government, including HUD or FHA. Hallmark Home Mortgage, LLC is not acting on behalf of or at the direction of HUD, FHA. or the federal government.
Hallmark Home Mortgage, LLC (NMLS # 53441) is an Equal Housing Lender. Hallmark Home Mortgage is not endorsed by any government agency. Reviews and comments have been submitted by customers voluntarily, are solely the views of such customers, and have been screened by Hallmark Mortgage LLC prior to publication in accordance with our guidelines. Customers were not compensated for their reviews/comments but were informed that the submittals may be used in Hallmark Mortgage LLC advertising. Hallmark Home Mortgage, LLC (NMLS # 53441) is not licensed to originate in all states. All rights reserved. NOTICE: All loans are subject to credit, underwriting, and property approval guidelines. Offered loan products may vary by state. There is no guarantee that all borrowers will qualify. This is not a commitment to lend nor an offer to enter into a rate lock agreement. Terms, conditions and programs are subject to change without notice. Certain limitations apply. Contact us for additional details. Not all offices are licensed in all states. Visit: https://www.hallmarkhomemortgage.com/disclosures for complete licensing information. Through UnitedHealthcare, UMR and HealthSCOPE Benefits creates and publishes the Machine-Readable Files on behalf of Hallmark Home Mortgage. To link to the Machine-Readable Files, please click on the URL provided: https://transparency-in-coverage.uhc.com