FHA Loans
At Integrated Funding, a Raleigh, NC mortgage company, we specialize in helping residents of Raleigh, Cary, Wilmington, Charlotte, and beyond find their ideal mortgage solution. One of the ways we do this is by looking at all available loan options and programs and helping our clients apply for them.
What Is An FHA Loan?
Federal Housing Administration Loans can help you purchase a home with a lower down payment. This program has been around for more than 75 years. Through it, the FHA backs investor-funded loans that promote homeownership to those with limited assets or less than perfect credit. This loan program is ideal for those who can’t afford large down payments because it allows borrowers to put down as little as 3.5%.
What Is An FHA Loan?
Federal Housing Administration Loans can help you purchase a home with a lower down payment. This program has been around for more than 75 years. Through it, the FHA backs investor-funded loans that promote homeownership to those with limited assets or less than perfect credit. This loan program is ideal for those who can’t afford large down payments because it allows borrowers to put down as little as 3.5%.
Are There Limits on FHA Loans?
FHA loans have no geographic or income limitations. The only limitation set by the FHA is on loan amounts. These limitations are on a county-by-county basis and are set based on the median loan amount in your area. One of our Raleigh mortgage team members can give you more information about the limits in your area of the Triangle.
Like any loan, there are also limits based on credit score and housing/debt ratio
- Best suited for borrowers with lower credit scores or higher debt ratios
- Finance up to 96.5% of purchase price
- Seller can pay closing costs up to 6% of purchase price towards closing costs
- Streamlined refinancing that requires no income verification or appraisal
To find out whether an FHA loan is right for you, contact the mortgage advisors at Integrated Funding, serving Raleigh, Charlotte, Wilmington, and beyond. We’ll help you understand your mortgage options and other loan programs, custom-fitting a loan to your unique situation so you can purchase the home you want.
FHA 30 year fixed Loan Example with 3.5% down. Loan Amount $294,566 with a fixed rate of 6.875%/7.678% APR has a monthly Principal & Interest payment of $1,935.09. Loan Amount has FHA Mortgage Insurance Premium added. Does not include amounts for taxes and home insurance premiums. The actual payment obligation will be greater. Rates available as of 10/2026 but subject to change. Final approval subject to credit review. Loan program examples are for illustrative purposes only. This is not a commitment to lend. The interest rates, annual percentage rates (APRs) and program options are subject to change without notice. Your APR will vary based on your final loan amount and finance charges. Call 1-800-270-7082 for current rates and terms. Certain restrictions apply.
919.847.2766
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