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FHA Loans

Homeownership may be more attainable than you think. FHA loans are designed to help qualified buyers purchase a home with a lower down payment and more flexible credit requirements, making them a popular option for first-time homebuyers and those looking for additional financing flexibility.


Flexible Financing Designed to Help You Become a Homeowner.

 

Backed by the Federal Housing Administration (FHA), FHA loans can help make homeownership accessible for borrowers who may not qualify for other loan programs. With lower down payment requirements and flexible qualifying guidelines, FHA financing is often a strong option for first-time buyers and those rebuilding credit.

 

Citizens Independent Bank provides local decision-making, personalized support, and guidance throughout the home financing process so you can move forward with confidence.

Benefits

  • Down payments as low as 3.5% for qualified borrowers.
  • Flexible credit qualification requirements.
  • Gift funds may be used toward eligible upfront costs.
  • Available for purchase and refinance transactions.
  • Local mortgage guidance from a team you know and trust.



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Buying your first home or exploring FHA financing?

Our local mortgage experts are here to answer questions, explain your options, and help you find the financing solution that fits your goals.

Looking for more mortgage solutions? Explore financing options designed to fit every stage of your homeownership journey.
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Not Sure Where to Start?

 

Mortgage calculators can help you estimate payments, compare options, and make more informed borrowing decisions.






















An FHA loan can be a great fit if you're looking for a lower upfront investment while still securing a competitive mortgage option. These loans are designed to help qualified buyers achieve homeownership sooner while maintaining manageable financing requirements.

 

  • First-time homebuyers
  • Buyers with limited down payment funds
  • Borrowers seeking flexible credit requirements
  • Homeowners looking to refinance an existing mortgage









FHA loans require both an upfront mortgage insurance premium (UFMIP) and monthly mortgage insurance premiums (MIP). Program requirements, mortgage insurance requirements, and eligibility guidelines may vary based on loan terms and borrower qualifications.

Contact a Citizens Independent Bank mortgage lender for current FHA loan requirements and financing options.

 
 
We provide mortgage lending, personal banking, business banking, and financial services to businesses and individuals across the western Twin Cities. Explore our local banking locations in Saint Louis Park, Robbinsdale, Hopkins, and Plymouth to find the branch most convenient for you.