FHA loans are backed by the government through mortgage insurance that is funded into the loan itself. At Customers Bank, a FHA loan can bring home ownership into reach for buyers who may have challenges getting approved for a conventional mortgage. FHA mortgage loans are ideal for first-time home buyers or those who are looking to refinance their home.

Features and Benefits

• Minimum credit score of 620
• Minimum down payment of 3.5%
• Maximum borrowing limit from $314,827 (single unit) up to $605,525 (four unit) with higher limits available in certain high cost areas
• Loan-to-Value maximum is 96.5%
• Private mortgage insurance (PMI) is required
• Free qualification and personalized service
• Competitive rates (fixed or adjustable)
• Local decision making with fast approvals
• Friendly, federally licensed mortgage consultants
• Available in: PA, NY, NJ, CT, DC, DE, MA, RI and VA

Ready to get started? Contact one of our mortgage professionals who will help find the right loan for you.