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FHA Home Loan

An FHA mortgage is a popular option with first-time homebuyers. This product was created by the Federal Housing Administration with lower down payment options and flexible underwriting criteria. If you believe that homeownership is out of reach, consider an FHA loan.

What is an FHA loan?

FHA loans are backed by the US government, allowing lenders to loosen qualifying criteria. Lower down payment options and less credit requirements make homeownership attainable to more buyers. If you haven’t owned a home in 3 years, you will be considered a first-time homebuyer.

Our team provides a consultative approach to finding solutions to meet your financing goals.

As with all loans, a review of your credit score, debt and assets will be required to meet these conventional guidelines.  * Premia Relocation Mortgage is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government.

Benefits of an FHA loan:
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Low down payment requirements

Fixed and Adjustable Rate Icon

Fee and loan limits apply

No Private Mortgage Insurance Icon

Financial gifts for closing or down payment assistance are acceptable

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Lower credit score requirements

Closing costs Icon

Closing costs may be rolled into the loan

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Common FHA questions, answered.

FHA financing requires the borrower to pay mortgage insurance premium (MIP) to guarantee against loss if the borrower defaults on the loan. MIP is like other mortgage insurance products in the calculation and increased monthly payment. FHA requires an upfront mortgage insurance premium which is typically 1.75% of your loan amount. This amount is due at closing; many first-time homebuyers roll this amount into their loan.
Law states that the loan amount must be the lesser of the following:
  • 115% of the median house price in an area, or
  • 150% of the conforming loan limit which is $822,375
Premia Relocation Mortgage is an FHA-approved lender who can assist in providing these numbers to you.

FHA loans are backed by the US government, allowing lenders to loosen qualifying criteria. Lower down payment options and less credit requirements make homeownership attainable to more buyers. If you haven’t owned a home in 3 years, you will be considered a first-time homebuyer. Our team will review your mortgage terms to ensure they align with your current financial goals. As with all loans, a review of your credit score, debt and assets will be required to meet these conventional guidelines.

* Premia Relocation Mortgage is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government.

Benefits of an FHA loan:

  • Low down payment requirements
  • Fee limits and loan limits apply
  • Financial gifts for closing or down payment assistance are acceptable
  • Lower credit scores are acceptable
  • Closing costs may be rolled into the loan

Since 1987, Premia Relocation Mortgage has built a customer-centric service model based on two principles - great people and industry-leading technology. We combine a knowledgeable mortgage team with an interactive mortgage application to make the mortgage process easy.

The Team
We listen; our experienced team averages over 15 years in the mortgage industry and can offer choices fitting the needs of all types of buyers. They will treat you like family and strive to exceed your expectations.


The Technology
Our DigitalMoveTM technology eases the process. With anytime-access, you will not wonder about where you are in the mortgage process.

  • Pre-purchase approvals that bring power to the negotiation table
  • Enhanced Security during the mortgage process
  • Electronic verification of employment, income and assets
  • Waiving the need for an onsite appraisal for qualifying buyers
  • DigitalMoveTM eClosing *DigitalMoveTM eClosing availability based on state and closing agent.

We've got stars and we're proud...

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Rob T.

APR 29, 2021

“Jim and Ted both went above and beyond to process our loan in record time! They were both absolutely great to deal with!” - ”Jim and Ted both went above and beyond to process our loan in record time! They were both absolutely great to deal with!”

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Matthew J.

FEB 19, 2021

“Jeff was very knowledgeable regarding us using my VA Loan and helped us lock-in a long term rate. This was a huge plus since we were building a house and wanted to secure a rate on the front end to eliminate any unexpected surprises.”

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Justin R.

MAY 29, 2021

“Jason West was great to work with. I felt he did everything he could to ensure we had a successful and straight forward process. He was very proactive and transparent throughout the loan process and was available to take a call at any time.”

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Prasad S.

APR 19, 2021

“Both Frank and Dan demonstrated the highest levels of professionalism in handling my mortgage. I wish them every success in their future endeavors.”

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Matthew J.

MAR 2, 2021

“The whole process was well managed by Joseph and team. It was easy, transparent and honest. I really enjoyed working with Premia Relocation Mortgage team. Thank you!!!”

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Yantian P.

DEC 31, 2020

“Overall I had a great experience at Premia Relocation Mortgage. Billy Nocita my mortgage consultant and Alyse Martin my Loan Processor were awesome. They did a great job. Responded to my calls on time and explain the mortgage loan and processes clearly in simple terms for me to understand. Billy always sounded happy in our conversation and the help me to relax. Moving or relocating is very stressful, so it was great to have that.”

Have questions? We have answers.