Net Equity Realty
Mike and Jill Kohler

Search for homes
search for a home

whats my home worth
home value request
home value request
free preapproval

free preapproval
get pre approved
free preapproval free preapproval
home value request

fha loans

Why an FHA Loan?

Firstly, the FHA, (that’s Federal Housing Administration) is an insurance company, not a mortgage lender. Therefore you can obtain the loan through a number of different sources including banks, mortgage bankers, and mortgage brokers. FHA insures some of the risk that a lender takes by making a loan with less than 20% downpayment. FHA will generally require a 5 to 10% downpayment along with meeting other qualifications of the program. Speak with your lender for exact details on your scenario.

Major benefits of FHA Purchase Loan

  • Seller can make financing concessions (up to 6% of the sale price) 
  • Seller may pay ALL of the buyer’s closing costs and prepaid expense
  • Funds to Close maybe be obtained by a family member or long term friend and may be gifted or loaned to 100% of required funds to close
  • Cash Reserves Not Required  (except in certain circumstances)
  • Up Front MIP (Mortgage Insurance Premium) May Be Financed in the loan
  • Borrower may Finance the Costs of Energy Efficient Improvements  (within certain limits, 100% of qualified improvements may be financed
  • Combined Loan-to-Value (CLTV): When combined the loan, government subordinate liens (2nd loans) can exceed 100% of appraised value if the funds are used for down payment and/or closing costs.

Additional Benefits of FHA Purchase Loans
The authority will insure loans with much lower credit scores and you can obtain a loan less than 3 years after a bankruptcy if you have good credit since. Similar circumstances exist if you've had a foreclosure. GHA loans offer very competitive rates and terms and allow borrowers high debt ratios. There are no prepayment penalties for paying off your loan early. 

What exactly is an Federal Housing Authority Loan?

An FHA is a mortgage loan insured by the the Federal Housing Administration (FHA) which provides mortgage insurance to specific approved US lender for both single and multi-family homes.  They have been in existence since the 1930’s nad has insured more than 34 million properties. Homeowners who use FHA loans pay a mortgage insurance premium (MIP) each month on top of their principal and interest payment on their loan in addition to an up front premium of 1% of the base loan amount.  From these fees comes the revenue that allows the authority to make favorable loans without major downpayments that stiumulate community development and the housing markets.

Who Are Good Candidates for FHA Mortgages?

First Time Home Buyers with low downpayments.

Low to Moderate Income Families

Borrowers with Less than Excellent Credit

Borrowers with previous Bankruptcies or Foreclosure

Does the Federal Housing Authority offer a refinance program?  
Yes. Although these loans are excellent for first time home buyers and trade up buyers, they are equally effective for refinance transactions.  Below are the 3 most common types of refinance loans 
  • Streamline Refinance: the FHA streamline refinance is usually a much accelerated process than a traditional refinance with a limited need for appraisals and credit checks  
  • No Cash-Out Refinance: This FHA conversion refinance can be used to convert a conventional mortgage, VA mortgage, or non-conforming loan into a traditional loan. No cash can be used to payoff additional loans or be given back to the borrower; otherwise the loan will be considered a cash-out refinance
  • Cash-Out Refinance: This type of refinance allows for higher loan-to-value (LTV) ratios. Most recently, the Federal Housing Authority reform has limited such transactions to a maximum of 85 percent loan-to-value ratio and lower.

Whether you're a first time buyer or you're looking to refinance your home, an FHA loan is the way to go.  Speak with a Mortgage Professional at for more information and get preapproved.


get free quote
free preapproval
get prequalified

search for a home
search for homes
search for a home

home value request
home value request

free pre approval

get prequalified



Quick Search


Contact Me




What my clients are saying  



~ 2022

Michael is very genuine & honest . He goes the extra mile & always has your best interest in mind . If i have any additional lending or Realtor needs , Michael will be my first choice !


~ M. Jones, Morrisville Pa

Jill was very knowledgeable and helpful during my first home buying. She answered any questions or concerns I had. She was able to walk me through the process from beginning to end and he never rushed or pressured me to make a decision on the house. I would highly recommend using Jill as a real estate agent


~ Denise L, Bensalem Pa

Jill Kohler is remarkable. Not only did she do her job she went above and beyond to help us with refinancing our home and that in itself was a huge project. Unlike many others she stuck with us and helped us every step of the way to refinance our home. SHE IS DEFINITELY TOP NOTCH IN OUR BOOK! We really can't thank her and her associates enough


~ Jen Biddle, Levittown Pa

Mike assisted me with financing the purchase of a condo. From beginning to end he was very responsive to my needs, extremely knowledgeable and helpful about the real estate market and just a pleasure to work with in general. He anticipated and communicated each step in the process of mortgage financing and made it easy for me to understand and qualify for a mortgage. I would work with him again in a heart beat and strongly recommend them to anyone shopping for real estate or a mortgage. Thanks Mike!


~ Bob M, Yardley Pa

Jill is a great person to work with. We refinanced our mortgage and Jill was very persistent on getting everything done. The entire process took about 5 weeks from beginning to end. She knows her stuff and answered any questions we had. I would highly recommend working with her.


~ Dawn S, Fairless Hills, Pa

Jill was awesome to work with. She told us what we needed up front things went as smooth as possible. Jill would always keep us in the loop never a guessing game. Thank you so much.


~ Frank B, Langhorne Pa

Mike and Jill Kohler are the ultimate professionals in the real estate world. Mike and Jill guided us through the entire home-buying process from beginning our search, to understanding our price range (based on credit and income), to finding houses for us, to scheduling walk-throughs and taking us to the houses (sometimes 6 or 7 in a night), to evaluating the properties (to ensure it is worth what they were asking), to making the offer, to finding the best mortgage rate and walking us through the mounds of paperwork, and helping us through all the inspections and requirements that lead to settlement. Buying a house is not an easy process and Mike and Jill Kohler made it as simple and pain-free as anybody could and we could not have asked for a better team!!


~ Jim & Wendy, Bensalem Pa

Mike is a very personable, trustworthy professional. I have worked with him in several capacities over the past 20 years and have appreciated his professionalism, confidence and overall good nature.


~ Bill D, Langhorne Pa

I have talk to Mike several time for advise and he was honest and very knowledgeable on my situations. I would recommend him because he walks you through without making you feel confused.


~ M Deon, Yardley Pa

I was a first time buyer and Jill made it as easy as can be. It was overwhelming but she guided us through to the best of her abilities. Her honesty was key and made me feel very comfortable. The process of buying a home was all brand new to me and without her guidance I would have been lost. She was very professional and new all about the information I had questions with. I would recommend her to anybody when buying a home.


~ Anthony B, Levittown Pa

I have worked with Mike on several occasions. Both with helping to finance my primary residence, but also to seek advice on refinancing, and the possibility of purchasing other properties. I have always enjoyed working with Mike and he has become a trusted advisor. I highly recommend him!


~ John K, Upper Makefield, Pa

The entire process of buying a house, even when you've done your research as I had done, can be unavoidably frustrating and nerve wracking. Jill was there to walk us through every stage, from the agreement of sale, to building inspection, repair requests, to final walk-through, to settlement day. Being a person who does everything in advance, Jill was there to calm me down when I was frustrated by sellers who were, in my eyes, slow to respond. She was continuously an integral part of the process, always pushing the sellers and their agent for the information we needed. Having met 3 other real estate agents in the past, I can say undoubtedly that if you want to find a house that meets your needs, that Jill Kohler is the best person for the job. She's more concerned about your needs as a buyer, than trying to pressure you into buying something you don't quite want.


~ Jimmy Mac, Levittown Pa

Jill, I cannot thank you enough for all of your hard work. You listened to what I wanted. We worked out a plan and were able to accomplish my goals. You made the process simplier than I could have imagined. And the communication was amazing. I will definitely refer you to my friends and family. Thank you for everything.


~ Wendy W, Langhorne, Pa

Jill was truly a godsend! She helped us sell my elderly in-law's home, which wasn't easy since we live an hour from the property. No task was too big or small to help us sell in a timely manner. Jill had a strong grasp of local real estate markets, and helped us price and market the property quickly. She also kept an eye on the house in our absence, and kept us informed every step of the way. We simply can't recommend Jill more highly!


~ S Fiorentino, Langhorne Pa

Jill and her husband helped me through a very tough time selling my mother's home. Being a good real estate agent is a great thing and they both were but it is even better when they really support you through it as well. I would highly recommend them.


~ Chris S, Langhorne Pa

We were lucky to find Jill. We had a house floundering on the market (as plenty were at the time) and decided to change realtors. We gave Jill a call. She gave us great advice on staging and even provided us with some of her own things to help with the staging process. She took great photos of our home and we had the house sold a short time later. My husband calls both Jill and Mike with questions about real estate and they are very knowledgeable and always available to us and we really appreciate it! I would recommend Jill Kohler to anyone looking to buy/sell a property.


~ Joann O, Levittown Pa

Jill did a great job understanding exactly what I was looking for. She arranged a full day to see numerous properties that met my requirements. We found the perfect property the first day that we started looking.


~ Tim K, Yardley Pa

More Reviews

Want to Know How Much Your Home is Worth?

Get Your FREE Home Market Analysis Report Right Now!