Federal Housing Administration

An FHA loan is insured or guaranteed by the Federal Housing Administration (FHA). It is a common misconception that FHA loans are only for first-time homebuyers. Any borrower meeting the program requirements may use the FHA loan program, not just first-time homebuyers. The program is an excellent option for borrowers without a large amount saved for down payment.

  • 3.5% down payment
  • Minimum credit score 580
  • Monthly Mortgage Insurance (MI) to FHA required
  • Some manufactured homes allowed (no single wides)
  • Gift funds permitted

Thinking about buying a new home? BMN is here to help.

We believe that the borrower should be actively involved in the mortgage loan process every step of the way. From selecting the best loan product to understanding negotiating terms, Bankers Mortgage Network is here to assist.


Our Mortgage Loan Advisors have decades of combined experience in the banking and home loan industry.


Our local Loan Advisors not only know the area and the market but we are invested in our community too.


Purchasing your first home or investment property? We offer mortgage loans for most every need.