FHA Program
FHA Loan
Low down payment. Flexible credit. Government-backed confidence.
FHA loans are insured by the Federal Housing Administration and designed for borrowers who may not qualify for conventional financing. They offer low down payments and more lenient credit requirements.
3.5%
Min Down Payment
580
Min Credit Score
57%
Max DTI
Key Features
- Down payment as low as 3.5%
- Credit scores from 580 accepted
- Gift funds allowed for down payment
- Seller can contribute up to 6% toward closing costs
- Available for primary residences only
Ideal For
- First-time homebuyers
- Borrowers with limited savings
- Those rebuilding credit
- Buyers using gift funds for down payment
Weighing Your Options
Advantages
- Low down payment
- Flexible credit requirements
- Competitive interest rates
- Assumable loans
Considerations
- Mortgage insurance required for life of loan
- Property must meet FHA standards
- Loan limits apply by county
What You'll Need
- Minimum 580 credit score (3.5% down) or 500 (10% down)
- Steady employment history (2 years)
- Property must meet FHA appraisal standards
- Mortgage insurance premium (MIP) required
- Primary residence only
Apply for FHA
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Explore Other Programs
VA
Zero down. No PMI. Built for those who served.
0% down
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Conventional
Flexible terms. Competitive rates. The standard in home financing.
3% down
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Non-QM
Outside the box. Custom solutions for unique financial profiles.
10% down
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DSCR
Income from the property. Qualify on cash flow, not W-2s.
15% down
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Questions about FHA loans?