FHA Mortgage Insurance
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This mortgage insurance program, also called 203(b) Mortgage Insurance Program, is managed by the FHA (Federal Housing Administration).
It allows you to keep your down payment as low as 3% of your home purchase price and have most of your fees and closing costs added to your mortgage loan instead of paying them up-front.
HUD also offers a program which insures your mortgage so you can have a lower down payment and lower interest rate. For complete program details contact your Local HUD Office.
View a full list of FHA Mortgage Programs offered. See which can apply to your situation and speak with an Approved Local Lender.