FHA Loans

Opening the door to homeownership with flexible requirements and low down payments.

Program Overview

FHA loans are government-backed mortgages insured by the Federal Housing Administration. They are designed to help low-to-moderate income borrowers who may have lower credit scores or limited cash for a down payment.

Because the government insures the loan, lenders can offer more favorable terms and more lenient qualifying criteria. This makes FHA loans one of the most popular options for first-time homebuyers.

Key Benefits

Low Down Payment

Purchase a home with as little as 3.5% down.

Credit Flexibility

Qualify with credit scores as low as 580 (for 3.5% down) or 500-579 (with 10% down).

Gift Funds Allowed

100% of your down payment and closing costs can come from a gift from family.

Assumable

FHA loans are assumable, which can be a great selling point in a rising rate environment.

Standard Requirements

  • Credit Score: 580+ for maximum financing (3.5% down). 500-579 requires 10% down.
  • Mortgage Insurance: Requires both an upfront premium (can be rolled into loan) and a monthly premium.
  • Property Standards: The home must meet FHA safety and habitability standards (appraisal required).
  • Occupancy: Must be your primary residence.

Documents Needed to Apply

  • Pay stubs for the last 30 days
  • W-2 forms for the last 2 years
  • Bank statements for the last 2 months
  • Explanation for any credit inquiries/derogatory items
  • Copy of driver's license
  • Social Security number

Is an FHA Loan Right for You?

Get pre-qualified today and take the first step towards your new home.

Apply for an FHA Loan