If you’re just starting your homeownership journey, an FHA loan can make the process more affordable and achievable. Backed by the Federal Housing Administration, these government-insured loans are designed to help individuals with moderate income or lower credit scores qualify for a home loan.
At Sovereign Bank, our FHA loans feature low down payment requirements and more flexible credit and income guidelines. They’re ideal for first-time homebuyers, but they’re also available to repeat buyers who meet eligibility requirements.
With competitive fixed rates and personalized local service, our team will walk you through every step, from pre-qualification to closing, making the process simple and supportive.
Key Benefits:
- Low down payments
- Flexible credit and income requirements
- Fixed interest rates for predictable monthly payments
- Available for single-family homes, condos, and approved multifamily properties
- Local guidance throughout the loan process
FHA loans also allow for gift funds to be used toward down payments and closing costs, helping buyers overcome common financial hurdles. Whether you’re buying your first home or returning to the market, this option can open the door to opportunity.
Start with Confidence.
Connect with a Sovereign Bank mortgage expert to see if an FHA loan is right for you.
