If you are a first time homebuyer or have low to moderate income, you may be eligible for a mortgage insured by the Department of Housing and Urban Development (HUD) through the Federal Housing Administration (FHA). FHA's mortgage insurance programs help low and moderate income families become homeowners by lowering some of the costs of their mortgage loans. While this insurance is not free, you can finance the up front insurance premium at the time of purchase and add to your regular mortgage payments.


You may be able to get an FHA loan with a low down payment of only 3% of the loan amount or less. FHA also allows 100% of this down payment to be a gift from friends, family or other sources. Many closing costs can also be financed to reduce the up front cost of buying a home.


FHA has maximum loan amounts, which vary from one county to another. It is critical that your loan amount, including financed closing costs, not exceed the maximum set by FHA for the county in which your property is located. There are no income limits on FHA loans.

Appraiser Roster as of 02/28/2004
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