FHA – Federal Housing Authority

The FHA financially guarantees loans and lifts much of the risk of non-payment and foreclosure from private lenders. It’s imperative to know that the FHA is not a lender. They simply guarantee your loan.


  • Bankruptcy does not automatically disqualify an applicant
  • Lower interest rates
  • Lower down payment
  • Lower mortgage points and other requirements for closing costs
  • Lower incomes may also apply
  • Faster resales
  • Guaranteed by the U.S. government


  • Required down payment
  • Higher initial Mortgage Insurance Premium (MIP) compared to Conventional loans, however, MIP is lower
  • Lower loan limits than Conventional
  • MIP is required regardless of the Loan-to-Value (LTV)
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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.