FHA Alternative Loan

DuTrac’s low down payment mortgage offers homebuyers an alternative to traditional FHA loans.

The FHA Alternative loan requires only 3% down and offers lower monthly premiums for personal mortgage insurance (PMI)  than a traditional FHA loan. The down payment can even be gifted funds from a relative, non-profit organization or government agency.

To learn more, please contact the DuTrac Mortgage team by e-mail at realestate@dutrac.org, in person at any of DuTrac’s convenient locations or by phone at (563) 582.1331, or (800) 475.1331.