Your zip code will be saved as a cookie so that you can navigate our website without repeated prompts. Your
information will only be used to display the content you request.
Clicking Cancel will return you to the previous page, as a zip code is required to display the requested
information on the next page.
To display the information you’re requesting, as well as provide a more user-friendly
experience, cookies are required to be turned on in your Internet browser settings.
However, this feature is currently turned off.
Cookies are needed to register information, such as your zip code, so we may provide the most
accurate information for your specific region, such as interest rates. Cookies used by Dollar
Bank do not capture any personal information and is only viewable by you, Dollar Bank and our
We use three different types of cookies:
This link redirects you to a website that Dollar Bank does not maintain. To proceed to this website,
click Continue. To stop and return to the previous page, click Cancel.
In seconds, you will be automatically redirected to the
In the 1930s, the federal government realized that down payment requirements were preventing many people from buying a home - especially a first home.
They created the Federal Housing Administration (FHA) to help with this problem. FHA does not lend money. It insures lenders against loss on loans when
greater than 80% of the purchase price is borrowed.
An FHA-insured loan can be as high as 96.5%, allowing the borrower to put only 3.5% down. If the lender must foreclose, FHA pays the
difference between the normal loan amount - 80% - and the actual loan amount.
There are costs associated with an FHA loan called Mortgage Insurance Premiums (MIP). They take the form of an initial premium and an annual premium. The
initial premium can be added to the loan amount rather than being paid out of pocket. There are maximum loan amounts for FHA insurance. If you think an
FHA loan might fit your needs, contact us at 1-888-418-BANK or firstname.lastname@example.org for more details.
Already know what you are looking for? This application process should only take you about
20 minutes to complete.