FHA Mortgages
Apply for an FHA loan in North Florida from the convenience of your home. Our secure online application makes mortgage lending a breeze. FHA loans, part of a U.S. government-backed program, are offered through Drummond Community Bank.

What is an FHA mortgage?

Other Drummond Home Mortgage Solutions:

  • Conventional Mortgages: Can be used for a primary residence, second home, investment property, or construction-to-permanent loans.
  • VA Mortgage: Up to 100% financing for eligible servicemembers and veterans.
  • USDA Mortgage: 30-year fixed rate mortgage for a primary residence. Income and geographic requirements apply.

Frequently Asked Questions:

What is the difference between FHA and Conventional Mortgages?

FHA loans are partially guaranteed by the federal government, which makes it less risky for lenders to approve home loans for people with lower credit scores and/or lower down payments. FHA loans also have a mandatory mortgage insurance premium, so if you can qualify for a conventional mortgage, it’s probably a better option.

What do I need to apply for a mortgage? 

To start applying, we recommend you have the following information on hand:

  • A separate email address for each person that will be on the loan
  • Details(bank statements) about how much money is in each account you would like us to consider for your approval
  • Your income and employer information
  • Your social security number
  • A valid drivers license 

Who qualifies for an FHA loan?

While FHA loans are popular with first-time buyers, you don’t have to be one to qualify. As long as you and your desired home meet FHA regulations, you can get approved for an FHA mortgage.

What is the minimum credit score for an FHA loan?

FHA loan applicants need to have a minimum FICO score of 580 to qualify for a low down payment. If your credit score is lower than that, you may still be able to qualify–contact our mortgage lenders to discuss your specific situation.

What is the best place to get an FHA loan from?

At Drummond Community Bank, we are proud to bring you the best possible mortgage loan terms and features such as fast loan approval, flexible loan terms, competitive rates, and a convenient online application.