The Benefits of FHA Loans: 

• Low Down Payment: Only 3.5% is required.
• Gifted Funds Allowed: Down payments can be fully gifted by family, employers, or charities.
• Easier Qualification: Minimum FICO score of 620 to qualify with Orrstown Bank.
• Help With Closing Costs: Sellers can cover up to 6% of closing costs. 
• Higher Debt-to-Income Ratio: FHA allows up to 43% DTI, with flexibility for higher ratios under certain conditions.
  

FHA loans also require mortgage insurance premiums (MIP) to protect the lender if you default on the loan.

Why Choose Orrstown Bank for FHA Loans?

Orrstown Bank, based in Harrisburg, PA, has been serving Central PA and Maryland for over 100 years. When you choose us, you’ll work with dedicated mortgage professionals who offer transparent, personalized service. Our local decision-making process helps prevent delays, and we provide all the capabilities of a larger bank with the attentiveness of a community-focused institution.

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Learn More About Our FHA Loans

Contact an Orrstown Bank loan officer today for more information and to find out about our current FHA loan rates. You can also fill out and submit the form on this page.

Because lenders must assume a higher risk when issuing FHA loans, they will require you to carry mortgage insurance premium (MIP) to protect their interests. MIP covers the lender's losses if you default on your mortgage.

Important Notice: Interest Rates and Maximum Loan-to-Value may be based on Credit Score, Property Type, Occupancy, Purpose, Investor, Insurer, Loan to Value and other factors. Additional investor, insurer and Orrstown Bank criteria/conditions apply to all products. Information provided is for illustrative general use only and does not contain all qualification and automated underwriting approval requirements. Orrstown Bank reserves the right to change this information at any time. Meeting any of the criteria does not constitute a commitment to lend.