FHA Loan

An FHA loan is insured by the Federal Housing Administration (FHA), an agency of the U.S. government.

Because one of the FHA’s goals is to help more people become homeowners, FHA-insured loans have smaller down payments and other benefits:

  • Down payments as low as 3.5%
  • Lower closing costs
  • Easier credit qualifying
  • Allows for use of gifts for down payment and closing cost
  • No prepayment penalties
  • An FHA loan may be assumable
  • Possible leniency during financial hard times
  • Funding for home improvement (through FHA 203K program)
  • Flexible credit, income and debt requirements
  • Low down payment requirements
    Allows for a seller concession of up to 6% of the sales price for buyer’s closing costs
  • Higher allowable debt-to-income ratios
  • Down payment assistant program available for qualified buyers

With an FHA loan, you will pay a monthly mortgage insurance premium (MIP) as part of your monthly mortgage payment, but the FHA MIP is often lower than the equivalent private mortgage insurance (PMI) premium that you might have to pay on a conventional loan with a low down payment.

There are many benefits to FHA loans. Call ZABE Mortgage or apply online to find out if you can benefit from an FHA loan.

Loan Options

We offer a number of loan programs that may be right for you. Count on your ZABE Mortgage loan professional to help you select the best one.


Conventional loans are available as fixed-rate or adjustable-rate mortgages. Find out if a Conventional loan is right for you.
Learn More


Get started with an FHA loan and finance your home with down payments as low as 3.5%.
Learn More


If you're active military, veteran, or eligible surviving spouses, start your quote for a VA Home Loan today!
Learn More


The USDA Guaranteed Loan Program provides one of the most affordable loan programs to Americans today. See if you qualify for 100% financing and no money down.
Learn More

Jumbo Loans

In the market for a higher-priced luxury home? We can help you dream big with a Jumbo Home Loan.
Learn More

Down Payment Assistance

We can help you discover the available programs and provide you with the understanding of how down payment assistance programs may benefit you.
Learn More

Home Equity Loan (HELOAN)

A HELOAN, a second mortgage, uses home equity as collateral for a lump sum loan with fixed interest, requiring monthly payments.
Learn More

Home Equity Line of Credit (HELOC)

A HELOC, a second mortgage, offers a flexible credit line using home equity for expenses. It has draw and repayment phases with variable interest rates.
Learn More

Are You Really Ready To Get Started?

Here is a video to help you answer this question. If at the end of this video you feel like you have answered “Yes” to all of the questions, fill out the form below or give us a call today at (559) 664-1930.

I want to receive ZABE Mortgage communications including marketing materials, newsletters, and updates.
This field is for validation purposes and should be left unchanged.
Play Video