FHA Loans

Dated: 03/21/2017

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Opening the Doors to Homeownership


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Home loans insured by the Federal Housing Administration (FHA) can make it easier for you to qualify to purchase or refinance a home. 

This loan option offers flexible qualification guidelines to help people who may not qualify for a conventional mortgage. 

FHA Loan Highlights

FHA loans are widely used by first-time homebuyers and people with low-to-moderate incomes since this government-insured mortgage features:

Low down payments

Flexible income and credit requirements

Fixed- and adjustable-rate mortgages

Loans for 1-4 unit properties and condos may be available

Down payment funds can be a gift from a relative or employer*

Home sellers can contribute up to 6% of the closing costs

* Subject to underwriting review and approval


FHA Loan Programs

Adjustable-Rate Mortgage

FHA's adjustable-rate mortgage (ARM) insures home purchases or refinances with rates that can change after the initial fixed-rate period. Depending on market fluctuations after this initial fixed-rate period, your monthly payments could change due to rates increasing or decreasing. An ARM could be the right choice for you if you plan on staying in your home for just a few years, you’re expecting a future pay increase, or the current interest rate on a fixed-rate mortgage is too high.

Fixed-Rate Mortgage

Fixed-rate mortgages protect you against rising rates since the interest rate remains the same for the entire term of the loan. With FHA loans, you can select a 30-, 20- or 15-year term. The main difference is the lower term options have higher monthly payments, which also means you are building home equity faster. Keep in mind you can use equity as a down payment for your next home or a future cash-out refinance. If you plan on staying in your home for a longer time frame, a fixed-rate mortgage could be the right solution for you.

Streamlined Refinance

If you currently have an FHA mortgage, we may be able to help you reduce your interest rate and lower your monthly mortgage payments with an FHA streamlined refinance. Plus, a streamlined refinance requires limited borrower credit documentation and underwriting for an even easier process. This may be the right solution if you want to convert your ARM to a fixed-rate loan.


Information Provided By: Fairway Independant Mortgage Corporation



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Sage Liberski

As an agent with EXIT Realty Cherry Creek, Sage specializes in helping buyers, sellers, and investors with real estate transactions in Aurora, Parker, Littleton, Lakewood and all around the Denver Met....

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