Buy your first home or move up with as little as 3.5% down. Flexible credit requirements and competitive rates.
Government-backed loans designed to help more people become homeowners
Put down as little as 3.5% and keep more cash in your pocket for moving expenses and home improvements.
Qualify with credit scores as low as 580, or even lower in some cases with compensating factors.
Use gift money from family members for your down payment and closing costs.
FHA loans can be assumed by qualified buyers, potentially making your home more attractive when you sell.
Government backing allows lenders to offer competitive interest rates, often comparable to conventional loans.
Refinance your FHA loan with minimal documentation and no appraisal required in many cases.
See if you qualify for an FHA loan
Minimum 580 for 3.5% down payment
500-579 may qualify with 10% down
As low as 3.5% of purchase price
Can come from savings, gifts, or grants
Maximum 43% DTI ratio
Higher ratios may be approved with compensating factors
Steady employment history
2+ years in same field preferred
Must be your primary residence
Property must meet FHA standards
Upfront premium (1.75% of loan)
Annual premium (0.45% - 1.05%)
Simple steps to get your FHA loan approved
We'll review your financial situation, explain FHA loan benefits, and determine if you qualify.
Complete your application and get a pre-approval letter to show sellers you're a serious buyer.
Shop for homes within your budget. We'll help ensure the property meets FHA requirements.
We'll guide you through underwriting, appraisal, and closing to get you the keys to your new home.
Get answers to common FHA loan questions
FHA loans require both upfront (1.75% of loan amount) and annual mortgage insurance premiums (0.45%-1.05% annually). This protects the lender if you default on the loan.
Yes, but the condo project must be FHA-approved. We can help you verify if a specific condo complex qualifies for FHA financing.
Generally 2 years after Chapter 7 bankruptcy, 1 year after Chapter 13, and 3 years after foreclosure. Shorter waiting periods may apply with extenuating circumstances.
No, FHA loans don't have income limits, but your debt-to-income ratio must meet guidelines (typically 43% or less).
Yes, FHA offers streamline refinancing with reduced documentation and potentially no appraisal required if you're current on payments.
Don't let a small down payment hold you back. See if you qualify for an FHA loan today.
Get Pre-Approved Now