FHA loans are ideal for the first-time home buyers and those low-to moderate-income borrowers. Loans are insured by the Federal Housing Administration. Down payments may be as little as 3% and the loans are assumable with release of liability to the original borrower. These loan limits are determined by the department of Housing and Urban Development (HUD). These loans can also be fixed or adjustable rate. This is a great question but we are not yet approved for FHA and hope to be soon.