FHA Mortgage Loans

No need to spend years saving up for a down payment

For many people, one big barrier to home ownership is saving for a down payment. But First American Bank offers government-backed Federal Housing Administration (FHA) Loans that feature flexible credit guidelines and down payment requirements of as little as 3.5%. These flexible terms make the mortgage loans ideal for first-time homebuyers in Illinois, Wisconsin, Florida and beyond.

• Low down payment options
• Flexible credit guidelines (Credit scores as low as 620)
• Low interest rate and closing costs
• 15-year and 30-year repayment options
• Gift funds can be used for down payment