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Personal Banking
Mortgages

FHA Mortgage

FHA Mortgages: Making Homeownership More Accessible

An FHA loan is an excellent option for first-time homebuyers, offering a lower down payment and potentially lower interest rates compared to other types of loans. With the ability to finance up to 96.5% of your home purchase, FHA loans provide a pathway to homeownership with fixed payments and fixed interest rates. Contact us today to explore if a government-insured FHA loan is the right option for you.

Key Features

  • Ideal for First-Time Homebuyers: FHA loans feature less rigorous income and credit requirements, making them perfect for first-time homebuyers with student loans and other debts.
  • Low Down Payments: Enjoy the advantage of a lower down payment requirement, helping you get into your new home with less upfront costs.
  • Seller Contribution: Sellers can contribute up to 6% of the purchase price towards closing costs, reducing out-of-pocket expenses for new homeowners.
  • Flexible Financing: FHA loans allow financing up to $498,257 (varies by county), providing flexibility to meet your specific home buying needs.
  • Fixed Rate and ARM Options: Choose from fixed-rate or adjustable-rate mortgage (ARM) options to best suit your financial goals and preferences.
  • Streamline Refinancing:  Thinking about refinancing? If you’re a current FHA borrower, the FHA Streamline Refinance program is a smart choice. With minimal documentation requirements and no need for an appraisal, this option makes it easy to lower your interest rate or tap into your home’s equity.

Let’s Get Started

Explore your adjustable-rate mortgage options. Contact us via the buttons below or call us at 800.438.6864 to schedule a consultation and take the first step towards home ownership or refinancing your existing FHA loan.

Experience the difference of working with Uwharrie Bank Mortgage. Contact us via the buttons below, at 800.438.6864 or visit one of Our Locations to speak with an experienced mortgage specialist and take the first step towards home ownership or home refinancing.

Normal credit and underwriting approval is required. Monthly Mortgage Insurance (MIP) and upfront Mortgage Insurance Premiums apply.