Get Approved Sooner — With an FHA Loan
Low down payment. Flexible credit. Easier approval.
FHA loans help more people become homeowners—even with limited savings or less-than-perfect credit.
What Is an FHA Loan?
An FHA loan is a government-insured mortgage that makes homeownership more accessible. With a minimum 3.5% down and lenient credit requirements, it’s a top choice for first-time buyers.
How It Works
💵 Only 3.5% down with a 580+ credit score
✅ Easier credit and debt ratio guidelines
📄 FHA mortgage insurance is required
📆 Available in 15- and 30-year fixed terms
Why Use an FHA Loan?
Whether you’re buying your first home or starting over, FHA loans make it easier to qualify and close with confidence.
Why Buyers Choose FHA Loans:
🧾 Low credit score? No problem
🎯 Just 3.5% down with 580+ credit
🏠 Perfect for first-time buyers
🎁 Use gift funds for down payment
🔄 Easy refinance options later
What Is an FHA Loan?
Yes, gift funds from family or approved sources are allowed.
Yes, both upfront and monthly MIP are required on FHA loans.
Absolutely—FHA loans are eligible for streamline refinancing.
About Us
At The Federal Savings Bank, we make home financing easy. Whether you're buying, refinancing, or just exploring options, we’re here to help. Located at 1150 South Ave, Suite 304B, Staten Island NY 10314, we offer competitive rates, great service, and a smooth and fast loan process from start to finish.
Company NMLS: 411500
Equal Housing Opportunity
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Disclosures and License Information
Texas Mortgage Disclosure: Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should contact the Texas Department of Savings and Mortgage Lending (SML). Visit [www.sml.texas.gov](https://www.sml.texas.gov) for instructions and to obtain a complaint form. Mailing Address: 2601 North Lamar, Suite 201, Austin, TX 78705 • Toll-Free: 1-877-276-5550 (Required per 7 TAC §80.200(b))