FHA Loans

Are you contemplating purchasing your first home and have limited savings for a down payment?

Broadview offers low down payment options with FHA loans.  These loans are insured by the Federal government. The monthly mortgage insurance is paid to FHA by the borrower.

Loan Features:

  • The minimum down payment is 3.5%.

  • Closing costs may be required.

  • Loan amounts up to $453,100 for single family dwellings with a Standard Balance loan. With an FHA High Balance loan, the maximum loan amount is $679,650.

  • You can employ your Real Estate agent to help negotiate closing costs to minimize other out of pocket costs. Sellers may contribute up to 6% towards closing costs.  

  • Minimum credit score of 600 is required.

  • Gift funds allowed.
     

To begin a loan application or speak with a loan officer, please visit our Locations page to find a branch closest to you.