Suburban homes
Skip Navigation Links Home > Loan Types >FHA

Tell Me About FHA Loans

FHA mortgages are quickly becoming one of the most popular home financing options avaialble. With recently increased maximum loan limits, flexible credit and income qualification guidelines and the ability to borrower up to 96.5% of the value of your home, an FHA mortgage may be right for you.

FHA Bottom Line Benefits:

  • You can borrow up to 85% of the value of your home when you refinance to get cash out of your home or pay off debt.
  • You can borrower up to 96.5% of the value of a home when you choose FHA as your purchase loan. That means you can buy a new home with only 3.5% of the purchase price down.
  • Your entire 3.5% down payment can be gifted to you from a relative.
  • You can also borrower up to 96.5% of the value of your home if you are refinancing with out taking cash out or consolidating other debts.
  • FHA mortgages offer more flexible credit and income requirements than conventional mortgages.
  • The seller of the home can contribute up to 6% of the purchase price of the home toward the closing costs as an incentive. This can reduce your out of pocket costs considerably.

Great reasons to consider an FHA:

  • You want to minimize out of pocket costs on a new home purchase or refinance.
  • You are concerned that your income or credit characteristics do not meet conventional mortgage guidelines.
  • You would like to borrower as much as possible against the value of your home to take cash out or pay off higher interest rate debt.

FHA Mortgage Options:

  • 30 Year Fixed Rate Mortgage
  • 15 Year Fixed Rate Mortgage
  • Adjustable Rate Mortgage options*
  • Purchase and Refinance Options

Related Products Available

  • 10 year, 15 year, 20 year and 30 year fixed rate conventional mortgages
  • 30 year fixed interest only mortgage
  • Conventional Adjustable Rate Mortgages
  • VA Home Loans

How do I get started?

Ready to get started? Looking for more information about FHA mortgages?

Apply for an FHA Loan with PNC Mortgage

*Interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed rate period, the interest and monthly payments may increase.
Equal Housing Lender logo Member FDIC logo
The PNC Financial Services Group, Inc. ("PNC") provides investment and wealth management, fiduciary services, FDIC-insured banking products and lending and borrowing of funds through its Subsidiaries, PNC Bank, National Association and PNC Bank, Delaware, and National City Bank, which are Members FDIC. Securities products and brokerage services are offered through PNC Investments LLC and/or NatCity Investments, Inc., registered broker-dealers and members of FINRA, and SIPC. Insurance products and advice may be provided by PNC Insurance Services LLC and/or National City Insurance Group, Inc, licensed insurance agency affiliates of PNC, or by licensed insurance agencies that are not affiliated with PNC; in either case a licensed insurance affiliate will receive compensation if you choose to purchase insurance through these programs. A decision to purchase insurance will not affect the cost or availability of other products or services from PNC or its affiliates. PNC does not provide legal, tax or accounting advice.

Investments and Insurance: Not FDIC Insured. No Bank or Federal Government Guarantee. May Lose Value.