Low down payments, flexible credit Down payments as low as 3.5% Flexible credit requirements Co-signers and gift funds from family members allowed Sellers concessions may be used for closing costs Borrow up to $625,500 in certain areas Cash-out refinancing available for up to 85% of appraised value of your home The Federal Housing Administration (FHA) is a government agency that insures and provides home financing alternatives made by banks and mortgage lenders. This program relaxes some of the most stringent borrowing requirements on down payments and credit histories, and enables people to achieve the dream of owning a home. Talk with an Investors Mortgage Professional to see if you qualify for an FHA Mortgage. Please Note: Web site authorization by the New York State Department of Financial Services is pending. Until this site is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.