Home Loans
FHA Loans
Government-backed financing designed to make homeownership accessible to more Americans.
Overview
What Is an FHA Loan?
FHA loans are insured by the Federal Housing Administration, making them one of the most accessible paths to homeownership. With more flexible qualifying requirements and lower down payment options, FHA loans are especially popular among first-time buyers and those with less-than-perfect credit.
Key Benefits
Why Choose This Program?
- ✓ Down payment as low as 3.5%
- ✓ Credit scores accepted from 580
- ✓ Gift funds allowed for down payment
- ✓ Assumable by future buyers
- ✓ Flexible qualifying guidelines
Requirements
What You’ll Need
- ✓ Minimum credit score: 580 (for 3.5% down)
- ✓ Steady employment history
- ✓ Property must meet FHA standards
- ✓ Mortgage insurance required
Who Should Choose This Loan?
Is the FHA Right for You?
- ✓ First-time homebuyers
- ✓ Buyers with credit scores starting at 580
- ✓ Those with limited savings for a down payment
- ✓ Borrowers with past credit challenges
Frequently Asked Questions
FHA FAQ
What is the minimum credit score for an FHA loan?
You can qualify with a score of 580 and 3.5% down. Scores between 500–579 require a 10% down payment.
Can I use an FHA loan for a multi-family property?
Yes, FHA loans can be used for properties with up to 4 units as long as you occupy one as your primary residence.
What are FHA mortgage insurance premiums?
FHA requires both an upfront premium (1.75% of loan amount) and annual premiums. These protect the lender, not you.
Is an FHA loan better than a conventional loan?
FHA is often better for borrowers with lower credit scores or smaller down payments. See the comparison →
Not sure if the FHA is right for you? Compare all loan programs →
Ready for an FHA Loan?
Get a personalized rate quote and see how much you qualify for.