An FHA mortgage from a preferred government-guaranteed lender.
FHA home loans are a government-guaranteed mortgage insured by the Federal Housing Administration (FHA). These loans are designed to help first-time homebuyers and low-to-moderate income borrowers in Arkansas and the rest of the country qualify for a home loan.
One of the primary benefits of FHA home loans is that they typically require a lower down payment than conventional mortgages. Eligible borrowers may be able to purchase a home with a down payment as low as 3.5% of the purchase price. Additionally, FHA loans from Stone Bank typically have more flexible credit requirements than conventional mortgages, making it easier for borrowers with less-than-perfect credit to qualify.
FHA loans from Stone Bank also offer competitive interest rates and may offer lower closing costs than conventional mortgages. Additionally, FHA loans have no prepayment penalties, which means you can pay off their loan early without facing additional fees.
To qualify for an FHA home loan, borrowers must meet certain eligibility requirements, including a minimum credit score and debt-to-income ratio. As one of the most experienced lenders of government-guaranteed loans, Stone Bank’s expert home loans team can walk you through the FHA mortgage process to determine if it’s the best choice for your financial needs and real estate goals.
FHA home loans from Stone Bank Home Loans can make the goal of purchasing your first home a reality. Offering lower down payments, more flexible credit requirements, competitive interest rates, and lower closing costs, FHA loans can pave the way for first-time home buyers to afford the house of their dreams. If you’re thinking of buying a home in Little Rock or Central Arkansas, consult one of Stone Bank’s expert home loan lenders today to see if you qualify for an FHA home loan and make the dream of becoming a homeowner a reality.
FHA loan product:
- Borrowers with credit score of 580 or higher may qualify for 3.5% down payment. Credit score between 500 and 579 can be eligible for 10% down.
- The home must serve as the borrower’s primary residence
- Max loan amounts available on HUD website and vary by county
- Mortgage insurance premiums (MIP) apply
- Available for first time home buyers
- Closing costs and fees may apply
- Appraisal and inspection required
- This is not a commitment to lend
- Credit and collateral are subject to approval
- Terms and conditions are subject to change and are subject to applicants qualification
- Other restrictions may apply. Call for details.
Borrowers with credit score of 580 or higher may qualify for 3.5% down payment. Credit score between 500 and 579 can be eligible for 10% down. The home must serve as the borrower’s primary residence. Max loan amounts available on HUD website and vary by county. Mortgage insurance premiums (MIP) apply. Available for first time home buyers. Closing costs and fees may apply. Appraisal and inspection required. This is not a commitment to lend. Credit and collateral are subject to approval. Terms and conditions are subject to change and are subject to applicants qualification.
Stone Bank is a VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. VA loans are subject to VA loan limits and eligibility requirements”. All loans are subject to credit and property approval. Rates, terms, and program guidelines are subject to change without notice. Not all consumers will qualify. The VA funding fee may apply and may be financed into the loan amount. VA loans are available for primary residences only and are not intended for investment properties. The term “VA loan” refers to the VA home loan benefit program administered by the U.S. Dept of Veterans Affairs, not a government-issued loan from the private entity. Information on this site is for educational purposes only and should not be considered legal, financial, or tax advice. Official VA resources are available at va.gov. Any questions about VA home loan eligibility, call the VA Loan Service at 877-827-3702.
Stone Bank is not acting on behalf of the USDA, HUD, or the federal government. Not endorsed by or affiliated with USDA. USDA Home loans are subject to income limitations and the property must be located in an eligible rural area. All loans are subject to credit and property approval. Programs, rates, fees, closing costs, terms, and conditions are subject to change without notice. Not all applicants will be approved. USDA Home loans are for primary residences only; investment properties or secondary homes are ineligible. Household income cannot exceed specific limits based on the area’s median income. Upfront and annual guarantee fees may apply. Questions regarding loan officer licensing may visit NMLS at nationwidelicensingsystem.org.