FHA Loan

Who it's for

• First-time homebuyers
• Borrowers with a smaller down payment saved
• Borrowers building or rebuilding their credit
• Buyers purchasing a primary residence (FHA loans are for primary homes)

Key benefits

• Down payment as low as 3.5% for qualified borrowers
• More flexible credit guidelines than many conventional options
• Fixed-rate options available
• Gift funds from family may be allowed toward the down payment, subject to guidelines
• A well-understood path for first-time buyers — we explain each step

How it works

1. Consultation — we check whether FHA or conventional makes more sense for your down payment and credit picture.
2. Comparison — we compare FHA options across lenders, including the effect of mortgage insurance on your monthly payment.
3. Application — we help you gather income, asset, and employment documentation.
4. Underwriting & closing — the FHA appraisal is completed, underwriting reviews the file, and we walk through the final numbers with you.

What lenders typically look for

• Primary residence — the home must be your main home
• Credit score — typically 580 or higher for a 3.5% down payment; scores of 500–579 may require 10% down
• Mortgage insurance premium (MIP) — an upfront premium plus an annual premium, which is part of the monthly payment
• FHA loan limits apply and vary by county
• Property must meet FHA appraisal and condition standards
• Steady income and a debt-to-income ratio within FHA guidelines

FHA mortgage insurance adds to the monthly cost, so the lowest down payment isn't always the cheapest overall option. We'll run both sides with you.

Not sure it fits?

That's normal — and it's exactly what a broker is for. Tell us your scenario and we'll point you to the right starting point, even if it's a different program.

Check My Options →

Other loan programs

• Conventional Loan
• VA Loan
• Stated Income / Non-QM Loan
• Hard Money Loan
• Refinancing
• HELOC