An FHA loan is a mortgage loan backed by the Federal Housing Administration, a federal entity that guarantees loans that financial institutions or mortgage houses originate under their program.

An FHA loan can be used to buy, remodel or refinance your primary residence. This type of loan combines the benefits of a Federal Government guarantee with the option of financing the majority of your investment, minimizing the origination and loan discount costs.

How much can an FHA loan be for?

• 96.5% of the value of the property when you are buying a property, up to the maximum allowed by the FHA by district.
• 85% of the appraisal permitted by the district, if you are refinancing.

Subject to credit approval.