Rebrand – answers to frequently asked questions


FHA Loans provide an excellent financing option for homebuyers, particularly those who may have lower credit scores or limited savings for a down payment. Backed by the Federal Housing Administration, these loans feature more lenient credit requirements and lower down payment options, often as low as 3.5% of the purchase price. This makes FHA Loans especially attractive to first-time homebuyers or those who may not qualify for conventional loans. Additionally, FHA Loans offer competitive interest rates and allow for higher debt-to-income ratios, providing greater flexibility for borrowers. CMF also supports borrowers through the process, offering guidance and assistance to help them take advantage of available down payment assistance programs and other resources to make homeownership more accessible and affordable.

Loan features

1The FHA has a maximum loan amount that it will insure, known as the “FHA Lending Limit.” These loan limits are calculated and updated annually and vary by geographic location.