Federal Housing Administration (FHA) backed loans offer low down payment options and more flexible eligibility requirements than Conventional Loans.

For first time homebuyers, borrowers who don’t have a lot of cash on hand, or those who don’t have the best credit, the FHA program can make your homeownership dreams a reality.

With FHA loans, your down payment can come from savings, a financial gift from a family member, or a forgivable loan* through a down payment assistance program.

All loans are subject to credit approval.

*Silverton Mortgage is authorized to originate FHA loans, but it is not an agent of, or affiliated with, the U.S. Government.

*Some programs may require repayment.

Example of 96.5% LTV (3.5% Cash Down) FHA Loan Program with $200,000.00 sales price. $196,377.00 loan amount (including upfront mortgage premium) – 30-year fixed rate loan with zero points based on 360 monthly payments at $1,323.03 each (P&I only). Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. 3.5% cash down payment of $7,000.00 required. Example assumes 680 credit score and includes $1,425 origination fee, 8.113% APR, and 7.125% interest rate as of 9/1/2023. Rate, fees, other charges and terms subject to change. Available loan programs and terms will vary by state.