FHA Mortgage

Let us help you achieve your dreams with a Federal Housing Administration (FHA) Loan featuring a lower down payment.

Getting To Know The Federal Housing Administration 
The Federal Housing Administration (FHA) is a government entity that offers mortgage insurance on loans made by FHA-approved lenders. The FHA provides insurance on mortgages for many different types of homes including single-family and multifamily homes. The FHA is completely funded by its own self-generated income, meaning there is no cost to taxpayers for its operation and services.

What Are FHA Mortgages?
FHA mortgages are insured by the Federal Housing Administration. These mortgages are designed to help first-time homebuyers and experienced homeowners alike by providing them with a low down payment option.  FHA mortgage insurance serves as protection for lenders in the event of a homeowner defaulting on their home mortgage.

How FHA Mortgages Benefit You
FHA insured mortgages often give potential homeowners the option of making a lower down payment than they would need to make if using a traditional, non-FHA insured mortgage. FHA mortgage benefits include:

  • Down payments as low as 3.5%
  • Mortgage is guaranteed by the government
  • Less than perfect credit can apply
  • Energy-efficient mortgages, reverse mortgages, refinances, and renovation loans also available.

FHA Mortgages Benefit Everyone
FHA mortgages don’t just benefit the potential homeowner – they also are beneficial for the economy as a whole.  They stimulate economic development in the form of expanding tax bases and creating jobs.

In fact, the FHA was created in 1934 as a direct response to difficulties in the housing industry such as unfavorable mortgage loan terms, low rates of homeownership nationwide and widespread unemployment among construction workers

Get Pre-Qualified for an FHA Mortgage
Now is the time to take advantage of the many benefits FHA mortgage offer potential homeowners. Plus, it’s now easier than ever to qualify! Our Mortgage Originators will guide you through the FHA mortgage process with expert knowledge, competitive rates, and first-class service.  Start your secure online Mortgage Application now!


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Elmira Savings Bank is an approved Seller/Servicer of Freddie Mac, FHA/Department of Housing & Urban Development, VA, USDA, and SONYMA (NY Only). Elmira Savings Bank is an Equal Housing Lender committed to ensuring every applicant for credit receive fair and equal treatment throughout the credit application and approval process, as embodied in the Equal Credit Opportunity Act and the Fair Housing Act. All mortgage lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.

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