FHA loans are insured by the Federal Housing Administration. Borrowers typically provide a small down payment, but with special associated programs the down payment can be obtained as a gift from a home advocacy non-profit association. Additionally, there is a small monthly insurance premium added to the payment. The maximum loan amount for an FHA varies with location. For more information on FHA loans, contact one of our loan officers.
Conventional loans are very common and are typically the most flexible.
Mortgage insurance may be required on some loans, but Columbia National has many products that do not require mortgage insurance. For more information on mortgage insurance, click here . For more information about conventional loans, contact one of our loan officers. For information about these options click here .