Buying Your First Home Has Never Been Easier
The FHA Mortgage from UTF
An FHA loan is a mortgage insured by the FHA(Federal Housing Administration) that offers many benefits to borrowers. Since they are backed by the federal government, we are able to offer loans that are both easier to qualify for and at extremely competitive rates. In a financial climate where buying a home through conventional means is becoming increasingly difficult, UTF is proud to provide an option with less stringent lending standards, a lower down payment, and low rates.
Unlike most loan programs FHA provides a number of unique benefits:
- Down payment requirement as low as 3.5%
- A lower credit score requirement that is much easier to meet
- Borrowers may include gift monies towards closing costs and down payments
- Non occupant co-borrowers may help to qualify
We offer this loan for 1 – 2 unit properties and FHA approved condominiums and town homes.
FHA loans are subject to an Upfront Mortgage Insurance Premium (UMIP) and a Monthly Mortgage Insurance Premium (MIP) based on loan-to-value (LTV) and term.
To get your application started
*We'd Like You To Know: Available to qualified borrowers. Other restrictions apply. Applies to single family homes, 1 and 2 unit properties, and FHA approved condominiums and town homes. Property must be owner occupied. Subject to underwriting guidelines. Visit utfinancial.org, or call 866-462-5532 option 3 and speak to a mortgage loan officer for additional details. Private mortgage insurance is required for down payments under 20%.