FHA Home Loans
FHA loans are insured by the Federal Housing Administration and offer low down payments and flexible credit requirements — making homeownership accessible to more buyers.
Benefits of an FHA Loan
FHA loans are one of the most popular loan programs for first-time buyers and those with less-than-perfect credit.
Down payment as low as 3.5% with 580+ credit score
Credit scores as low as 500 considered (10% down required)
Competitive interest rates insured by the federal government
Seller can contribute up to 6% toward closing costs
Gift funds allowed for down payment and closing costs
Available for purchase, refinance, and renovation loans
No income limits or first-time buyer requirement
Streamline refinance option with minimal documentation
FHA Loan Requirements
Here is what you need to qualify for an FHA loan.
Down Payment3.5% minimum with a 580+ credit score; 10% with scores between 500–579
Credit ScoreMinimum 580 for 3.5% down; 500–579 may qualify with 10% down
Debt-to-IncomeUp to 43% DTI standard; up to 50% with strong compensating factors
EmploymentTwo-year employment history required; self-employed borrowers need two years of tax returns
Property TypePrimary residence only; must meet FHA minimum property standards
Loan LimitsFHA loan limits vary by county — contact us for current limits in your area
Mortgage InsuranceUpfront MIP of 1.75% plus annual MIP ranging from 0.45%–1.05% depending on term and LTV
Ready to Get Started?
Our loan officers will walk you through the FHA loan process and help you find the best rate for your situation.