FHA Loan
3.5% Down Payment & Flexible Credit Guidelines
Low down payment. Flexible qualification standards. Start your homeownership journey today.
Ready to Get Started?
See how much you may qualify for and explore your FHA loan options today.
What Is an FHA Loan?
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. It is designed to help qualified borrowers buy a primary residence with lower down payment requirements and more flexible credit guidelines compared to many conventional loans.
FHA loans are especially popular among first-time homebuyers, but repeat buyers may also qualify.
Key FHA Benefits:
- As low as 3.5% down (with qualifying credit)
- Gift funds allowed for down payment
- Higher debt-to-income flexibility (subject to AUS approval)
- Competitive interest rates
- Available for primary residences
FHA Loan Requirements
To qualify for an FHA mortgage, lenders typically evaluate:
Credit score
580+ may qualify for 3.5% down
Debt-to-income ratio (DTI)
Stable employment and income verification
FHA appraisal
As low as 3% for first-time buyers
How Much Do I Need for an FHA Loan?
One of the biggest advantages of an FHA loan is the lower down payment requirement.
- 3.5% down with qualifying credit
- Gift funds may be used
- Seller concessions may be allowed (subject to guidelines)
- Loan limits vary by county
- FHA loan limits are determined annually and depend on property location.
FHA Loan FAQs
Common questions about FHA loans
What credit score is required for an FHA loan?
Many borrowers may qualify with a credit score around 580 for 3.5% down. Approval depends on overall financial profile and underwriting review.
Is mortgage insurance required on an FHA loan?
Yes. FHA loans include upfront and monthly mortgage insurance premiums (MIP).
Are FHA loans only for first-time buyers?
No. Both first-time and repeat buyers may qualify if purchasing a primary residence.
Can I use an FHA loan for an investment property?
No. FHA loans are generally limited to primary residences.
