FHA Loans

A FHA Home Loan is a mortgage loan that is insured by the Federal Housing Administration (FHA) against default. It was created after a surge of foreclosures and defaults in the 1930’s to help stimulate the economy while providing Mortgage Lenders adequate insurance.

  • Minimum 600 FICO
  • Streamline Refinance (No Underwriting Fee)


The Energy Efficient Mortgage (EEM) allows FHA borrowers the opportunity to finance energy conservation improvements into the home loan.

  • Add the lesser of 5% of:
    • The value of the property, or
    • 115% of the median area price of a single family dwelling, or
    • 150% of the conforming Freddie Mac limit to the loan for Energy Conserving  Improvements
  • No additional income-qualifications
  • 100% of improvements financed (no LTV cap)
  • Work completed after loan closing
  • Can be combined with FHA 203(k) Streamline, weatherization or MCC!
  • Prior to offering the EEM, an EEM Facilitator must be procured

Typical Energy Improvements Include

  • Central heating and air-conditioning
  • Dual-pane windows.
  • Increased attic/wall insulation
  • Energy efficient water heaters

FHA High Balance

  • Minimum 620 FICO
  • Streamline Refinance (No Underwriting Fee); minimum 640 FICO
  • FHA County Loan Limits