FHA Loans
Easier qualification. Lower credit and down payment requirements.
Program Overview
What is an FHA Loan?
FHA loans are insured by the Federal Housing Administration and designed to help first-time buyers and borrowers with less-than-perfect credit achieve homeownership.
With down payments as low as 3.5% and flexible credit requirements, FHA financing opens the door for families who might not qualify for conventional loans.
Key benefits
Why Borrowers choose this loan?
3.5% Down
Minimal down payment requirement with a 580+ credit score.
Lower Credit OK
Approvals possible with scores as low as 500 (with 10% down).
Gift Funds Allowed
100% of your down payment can come from a family gift.
Higher DTI
Debt-to-income ratios up to 56.9% may be acceptable.
Assumable Loan
Future buyers can take over your FHA loan, a major resale advantage.
Streamline Refinance
Simplified refinancing later with reduced documentation.
elegibility
Do you Qualify?
Every borrower's situation is unique. Below are typical guidelines. Our loan officers will review your specific scenario and confirm eligibility quickly.
✔ Minimum credit score of 580 for 3.5% down (500 with 10% down)
✔ Property must be your primary residence
✔ Steady employment history of at least 2 years
✔ Property must meet FHA appraisal standards
✔ Mortgage insurance (MIP) required regardless of down payment
