FHA Loan Frequently Asked Questions

Check out our list of common questions related to FHA mortgages. 

What is the FHA?

  • FHA stands for the Federal Housing Administration. It was created in 1934 to help Americans get into homes.

What is the FHA loan limit in my area?

  • Loan limits vary by county. Click here to see limits in your area.

Can I pay an FHA loan off early?

  • Yes, there are no pre-payment penalties or restrictions on FHA loans.

Can a FHA insured loan help me lower energy costs?

  • Yes, through the Energy Efficient Mortgages Program you can finance 100 percent of the cost of making your home more energy efficient. Contact us to see how.

What is the maximum debt-to-income ratio for FHA loans?

  • The maximum debt-to-income ratio for a FHA loan is 56.99%.

Are FHA loans assumable?

  • Absolutely, you can assume an existing FHA loan or allow a buyer to assume yours.

Will I have to pay mortgage insurance with an FHA loan?

  • Yes, all FHA loans carry lifetime mortgage insurance.

Can I get a "fixer-upper" of a home with a FHA mortgage?

  • Yes, however you might be required to fix certain problems in the home before you can get the full loan. Speak with us today for details on this.


These materials are not from HUD or FHA and were not approved by HUD or a government agency.