FHA Loans
Low down payment and flexible credit guidelines. Often the answer when other programs say no.
FHA loans are insured by the Federal Housing Administration. Because the government carries part of the risk, lenders can approve borrowers who would not clear conventional guidelines — lower credit scores, thinner credit histories, higher debt-to-income ratios, or a recent credit event.
The headline is the down payment: as little as 3.5% down with qualifying credit, and the funds are allowed to come from an eligible gift.
A good fit when…
- Your credit is still being rebuilt
- You have limited savings for a down payment
- Your debt-to-income ratio is higher than conventional guidelines allow
- You are a first-time buyer who needs flexibility
Worth knowing
- FHA loans carry mortgage insurance: an upfront premium plus a monthly premium
- On most FHA loans today the monthly premium stays for the life of the loan unless you refinance out
- There are loan limits that vary by county
- The property must meet FHA condition standards
Our take. A very common path: buy with FHA now, build equity and credit for a few years, then refinance into a conventional loan and drop mortgage insurance entirely. We plan that exit with you at the start rather than leaving you to figure it out later.
Not sure this is the right program?
Most people arrive certain they need one specific loan and leave with a better-fitting one. Tell us what you are trying to do and we will lay out the realistic options side by side — payment, cash to close, and total cost — so you can compare them honestly.
30-Year Fixed15-Year FixedAdjustable RateVA LoansUSDA LoansJumbo Loans203k Renovation
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