🔑 Government Loan

FHA Home Loans

The most popular loan for first-time homebuyers. Low down payment, flexible credit, and government backing.

Apply Now → Common Questions
Min Down3.5%
Min Credit580+
Max LTV96.5%
Loan Limit$524K+
Government-backed — easier to qualify than conventional.
Requirements

Who Qualifies

FHA loans are insured by the Federal Housing Administration, allowing lenders to offer more flexible terms to borrowers who may not qualify for conventional financing.

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Credit Score: 580+ for 3.5% down; 500–579 for 10% down
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Down Payment: As low as 3.5% of purchase price
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DTI Ratio: Up to 57% with compensating factors
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Occupancy: Primary residence only
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Employment: 2-year employment history required
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Income: W-2 or self-employed with 2 years of tax returns

Key Benefits

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Low Down Payment
Only 3.5% down. Down payment can come from a gift or grant.
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Flexible Credit
580 minimum credit score. Higher DTI ratios accepted.
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Government Backed
FHA insurance protects lenders, enabling better terms for borrowers.
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Streamline Refi Available
Easy refinance path to lower your rate when rates drop.
FAQ

Common Questions

What credit score do I need for an FHA loan?

FHA loans are available with credit scores as low as 580 with 3.5% down. Scores between 500–579 may qualify with 10% down. We work with lenders who accept scores in this range.

Is FHA only for first-time buyers?

No — FHA is available to any owner-occupant buyer, first-time or not. If you haven't owned a primary residence in 3 years, you may also qualify for first-time buyer programs on top of FHA.

How much is FHA mortgage insurance?

FHA has an upfront MIP of 1.75% (usually rolled into the loan) plus an annual premium of 0.55%–1.05% depending on your down payment and loan term. We'll show you the exact number before you commit.

Can I use gift funds for the down payment?

Yes. FHA allows 100% of the down payment to come from a gift from a family member. We'll guide you through the gift letter process.

How is FHA different from conventional?

FHA is more flexible on credit and DTI, requires lower down payment, but includes mortgage insurance for the life of the loan (unless you refinance). Conventional drops PMI once you hit 20% equity.

Ready to Buy Your First Home?

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