FHA Home Loans

Get a home of your own without saving up for years on end

The biggest hurdle for many homebuyers isn't making monthly payments. It's coming up with the 10% to 20% down payment needed for a traditional mortgage. An FHA loan can cut those upfront costs by tens of thousands of dollars, making the path to home ownership more manageable for many people.

• FHA loans are for primary residences only
• Popular with first-time homebuyers, though they're also available to people who have already owned homes
• More lenient debt-to-income ratios than most traditional mortgages
• Private Mortgage Insurance required
• Homes must pass an FHA-specific appraisal that verifies it meets minimum safety, security, and structural soundness standards
• Refinancing options available

FHA mortgages are issued by private lenders and insured by the Federal Housing Administration. When you apply for a loan, you'll work with The Bank of Missouri's team.