Perennial Funding > Loan Options > FHA Loans

FHA Loans

A mortgage issued by a federally qualified lender and insured by the Federal Housing Administration. These loans are designed for low to moderate income borrows who are unable to make a large down payment.

  • Only a 3.5% down payment required for purchases.
  • Insured by the Federal Housing Administration.
  • Ideal loan program for low credit scores, or limited cash for a down payment.
  • Finance all of the closing costs.

Myth: The FHA is a mortgage lender.
Fact: It’s a mortgage insurer.

Myth: FHA loans are for first-time buyers only.
Fact: FHA loans can be used by first-time buyers and repeat buyers alike.

Myth: FHA loans require 20% down payment.
Fact: Only 3.5% is required.

Myth: FHA loans require high credit scores.
Fact: Lenders can approve FHA loans without a credit score.

Myth: FHA loans are expensive.
Fact: FHA loans can be more expensive, or less expensive, than other loan types.

Myth: All FHA loans are the same.
Fact: There are many types of FHA loans available.

Are you ready to buy your new home? Don’t wait for rates to inflate! Locking in a mortgage now could save you money. Apply Today!

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Our Assumptions

  • Mortgage rates could fluctuate daily.
  • Based on your situation, your payments may vary.
  • See what products are available in your state.
  • Certain jumbo products might not be available to you if you’re a first-time buyer.
  • Some lending services might not be available in all areas. See what’s available to you.
  • Some restrictions may apply.
  • The lock period for your rate is 45 days.
  • Perennial Funding offers a variety of options. You may still qualify for a loan even if your situation doesn’t match our assumptions. Consult us to find what’s available in your area, and what best solutions are for you.

NMLS #247954
Click here for the Perennial Funding NMLS access page.

Perennial Funding LLC, 161 Washington St. Suite 950, Conshohocken, PA 19428

Loan programs are subject to credit approval. Other terms, conditions, restrictions and fees may apply. All of the information on this website is published in good faith and for general information purposes only. Perennial Funding does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk and we will not be liable for any losses and damages in connection with the use of our website. The content in this website should not be construed as a mortgage loan commitment. From our website, you can visit other websites by following hyperlinks to these sites. While we strive to provide only links to useful and ethical websites, we have no control over the content and nature of these sites and the links to other websites do not imply a recommendation for all of the content found on these sites. Please be aware that when you leave our website, other sites may have different privacy policies and terms, which are beyond our control. Thank you for visiting Perennial Funding's website.
*By refinancing your existing mortgage your total finance charges may be higher over the life of the loan.

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