Home Loans > FHA Financing

Research FHA Mortgage Programs

Whether you are interested in purchasing a new home or refinancing your existing mortgage, you may want to consider an FHA home loan from American Bank. Backed by the Federal Housing Administration, an agency of the federal government, FHA financing promotes home ownership by making it more accessible and affordable. From low mortgage rates to lenient down payment requirements, FHA mortgage options from American Bank could be your ticket to affordable homeownership.

Benefits of FHA Financing

FHA mortgages have several advantages over conventional financing including:

  • Low Money Down Options - When buying a home you can put as little as 3.5% down (subject to change, call for confirmation). The seller can also contribute up to 6% of the purchase price towards closing costs which will further reduce your initial expenses. When refinancing,  borrow up to 97.75% of the value of your property. This makes it possible to take advantage of today's low mortgage rates even if you haven't built much equity in your home.
  • Easier Qualification - FHA mortgages are often available to borrowers with lower credit scores who may not be approved for a conventional loan.
  • Low Interest Rates - FHA mortgage rates are often comparable and even sometimes better than other conventional loan programs despite their lower down payment requirement.

First Time Buyers Take Note:

FHA home financing is a popular choice for first time home buyers, due to the fact that many first time buyers have little cash to put down at closing. Likewise, FHA loans allow the entire down payment to be gifted from a relative. This can come in handy for first time buyers, as parents often help out when their son or daughter buys a home for the first time. 

Call American Bank today at 877-215-2290 to find out if an FHA mortgage is right for you.


Family on couch.

FIND OUT IF YOU QUALIFY FOR
AN FHA MORTGAGE

When you work with American Bank it's easy to get started! Simply select the option that works best for you and your schedule:

  • Call toll-free - 877-215-2290.
  • Request current FHA mortgage rates with the Rate Quote form.
  • Complete a the Prequalification Form online.
House for sale. FHA financing resources.

AMERICAN FSB MORTGAGE PRODUCTS

Since 1983 American Bank has been providing mortgage banking assistance to home buyers and home owners throughout the United States. They currently offer mortgage refinance and home purchase loans throughout the country and their Mortgage Bankers are some of the most highly trained and skilled professionals in the marketplace. Call  today for information on the bank's products and services.

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