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FHA Home Loans in Northern Kentucky

What Is An FHA Loan? hat 

An FHA is a home loan that's insured by the Federal Housing Administration.


What Are The Advantages:

FHA Loans require only 3.50% down (and that down payment can be a gift from a family member) offer a low fixed rate, have no area or income limits and are extremely lenient on credit scores and debt ratios.

What Are The Disadvantages:

FHA loans require an upfront mortgage insurance premium of 1.75% that is added to your loan. In addition FHA's monthly mortgage insurance is .85% (which is often higher than PMI on a Conventional Loan) and that mortgage insurance stays on your loan for the full 30 years. 

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