FHA Loans Made Simple

Get into your dream home with just 3.5% down and flexible credit requirements

Personal
Mortgages
FHA Loans

Why Choose Sunmark for Your FHA Loan?

FHA loans are designed to make homeownership accessible, even if you have limited savings or less-than-perfect credit. At Sunmark, we specialize in helping New York families achieve their homeownership dreams through government-backed FHA mortgages that offer incredible flexibility and affordability.

What makes FHA loans special? These loans are guaranteed and administered by the Federal Housing Administration, allowing us to offer more lenient qualification requirements than conventional mortgages. FHA loans have competitive interest rates because the Federal government insures the loans. Whether you're purchasing or refinancing, our FHA loan program provides the financial empowerment you need to create the life you deserve.

Sunmark's FHA Loan Benefits:

Down payment as low as 3.5% of purchase price
Gift funds accepted from family, employers, or charitable organizations
Available for purchase or refinance of 1-4 bedroom family homes or condominiums
Easier qualification if you've had credit problems, including bankruptcy
Competitive interest rates backed by federal government insurance
Fast commitment letters in 48 hours or less

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Current FHA Loan Rates

See today's FHA mortgage rates and discover how much you can save with Sunmark's competitive pricing and local service.

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FHA Loan Questions Answered

Get the facts about FHA mortgages and discover if this popular loan program is right for your homebuying journey.

FHA loans require as little as 3.5% down payment if your credit score is 580 or higher. This down payment can come from savings, gifts, or grants.

You don't need perfect credit for an FHA loan. In fact, if you've had credit problems such as bankruptcy, it's easier to qualify for an FHA loan than a conventional loan. We review each application individually to find the best solution.

FHA loans can be used to purchase or refinance new or existing 1-4 bedroom family homes or condominium units, manufactured homes, PUDs, and townhomes. The property must be your primary residence and meet FHA property standards.

Yes! Your 3.5% down payment can come from family members, employers, or charitable organizations as a gift. This makes FHA loans especially accessible for first-time homebuyers who may not have significant savings.

FHA loans require mortgage insurance premiums (MIP) because the federal government insures these loans. This insurance protects lenders and allows for lower down payments and more flexible credit requirements. Contact us for current MIP rates and details.