FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development. If you choose an FHA loan, you pay for mortgage insurance which protects the lender in the event of a default.
FHA loans are an attractive option, especially for first-time homeowners:
- You don’t have to have perfect credit
- Generally easier to qualify for than conventional loans.
- FHA Loans require a much lower down payment than most other loan types.
- It cannot exceed statutory loan limits.
The FHA loan limit is $515,200 for the Treasure Valley
Contact Us To Learn More About FHA Loans – Call 208-854-7800