FHA mortgage loans from FourLeaf
If you’re looking to finance a home with less money down and a less restrictive approval process than a traditional mortgage, a FourLeaf FHA Mortgage Loan could be right for you. Learn about the features and benefits of this mortgage option:
Certain limitations and restrictions apply
FourLeaf FHA Mortgage rates
as low as
as low as
What is an FHA mortgage loan?
The Federal Housing Administration (FHA) is part of the U.S. Department of Housing and Urban Development (HUD). They insure the loan so lenders like FourLeaf can offer you a better deal.
The FHA provides mortgage insurance on loans made by lenders like FourLeaf to protect them against losses if the borrower defaults.
To qualify for insurance, loans must meet certain requirements.
FHA Mortgages vs. Conventional Mortgages
10% for credit scores of 500-579
See payment examples
FHA Mortgage FAQs
Yes, down payment funds for an FHA Mortgage Loan can be gifted by a relative, close friend or other approved donor. Certain limitations and restrictions apply.
Yes, FourLeaf offers FHA Mortgage Loans for both purchase and refinance.
While FHA Mortgage Loans are ideal for first-time homebuyers, people who have owned a home in the past can also take advantage of the program.
FHA Mortgage Loans can only be used to purchase a primary residence. An investment property or a vacation home would not qualify.
Disclosures, Assumptions, and Additional Information
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All loan terms are subject to credit and FHA loan program requirements (applicants may be offered credit at higher rates and other terms). An FHA loan may not be available to all applicants as set forth by FHA guidelines. FourLeaf does not offer residential mortgage loans in Texas. To obtain a loan, membership at FourLeaf is required, which is subject to approval and requires opening a $5.00 savings account at or prior to loan consummation. Must be a US citizen or permanent resident alien. Rates, loan programs, terms, and conditions are subject to change without notice. Other restrictions and limitations apply.
Additional Disclosures and Information
[1] Fixed rate terms of 15, and 30 years have 180, or 360 monthly payments, respectively. FHA loans have 15- or 30-year repayment terms.
[2] APR= Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate. Rates as of --/--/-- and are subject to change without notice.
Payment Example: The Interest Rate, APR, and Payment assumes the property is an existing single-family home used as the borrower’s primary residence in New York, a Loan to Value (LTV) ratio of 96.5% or less on a purchase mortgage, or an LTV of 97.75% or less on a refinance mortgage, a rate lock of 60 days or less, and a credit score of 720 or above.
A 30-year FHA loan of $519,942 ($511,000 base loan amount, plus 1.75% UFMIP) at 5.875% interest rate will have an APR of 6.762% and 360 monthly principal and interest payments of $3,075.65, this amount does not include amounts for taxes, insurance, nor mortgage insurance* (actual payments will be greater). The amount of each payment will apply over the term of the loan.
*FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed or paid at closing, and monthly mortgage insurance premiums (MIP) for the term of the loan.
FourLeaf is not acting on behalf of or at the direction of HUD/FHA or the Federal government.