FHA Mortgages

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FHA MortgagesFHA - Federal Housing Administration Mortgages

The Federal Housing Administration (FHA) is a federal agency within the US Department of Housing and Urban Development (HUD). The FHA offers both fixed and adjustable rate mortgages. FHA's objective is to assist providing housing opportunities and is widely used for first-time home buyers. FHA loans are also available for refinancing a home. The advantages for the FHA loan include, but are not limited to: great for 1st time home buyers, lower down payment than a conventional loan, down payments can be a gift from a family member, non-profit organization or government instrumentality.

The FHA was started back in the early 30´s as a means to help the US build and provide affordable housing for US citizens during and after the Great Depression. FHA is designed to help people purchase homes with low down payments, providing financing with only a 3.5% down payment. And despite what many believe, FHA is not restricted to first time home buyers.


  • 3.5% down payment required
  • $271,050 maximum mortgage in most areas of PA
  • 30 year fixed rate mortgage
  • Seller can pay up to 6% of the sales price toward buyer's closing costs
  • Maximum financing is available to purchase 1-2-3-4+ unit properties if buyer is going to occupy one unit
  • Eligibility Guidelines:

  • Standard underwriting with a debt-to-income ration of 32/43% and higher with strong compensating factors
  • No area restrictions
  • More flexible than conventional loans in regards to credit standards
  • Rehab or "fixer-upper" financing is available with FHA
  • Home being purchased must be used as primary residence
  • FAIRWAY Independent Mortgage Corp. is a "Full Eagle" delegated FHA lender, which is the highest FHA authorization available. We originate, process, underwrite and fund our own FHA loans. We are your FHA Loan Specialists!

    Call us or fill out your application online to determine eligibility 717-431-9299

    Other loan programs:

  • Conventional Purchase and Refinance Mortgages
  • (VA) Veterans and Active Duty Military - Low and No Downpayment Mortgages
  • (USDA-RD) Rural Housing No Downpayment Mortgages
  • (PHFA) Low Downpayment Mortgages With Tax Credit Options
  • Reverse Mortgages
  • Jumbo Mortgages (Over $417,000)

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    FAIRWAY Independent Mortgage Corp.
    801 Estelle Drive
    Lancaster, PA 17601

    Fax: 866-580-9204