FOR HOME BUYERS
FHA Loan
FHA loans are government-backed mortgages designed to make homeownership more accessible—especially for first-time buyers or those with less-than-perfect credit. With flexible qualification criteria and lower down payment requirements, FHA loans open the door to affordable housing for more families.
Making homeownership more accessible.
Low Down Payment
Qualify with as little as 3.5% down, making homeownership possible even without a large savings reserve.
Flexible Credit Requirements
Borrowers with credit scores as low as 580 may still qualify. Past credit issues? You’re not disqualified.
Refinance Options
FHA Streamline and FHA Cash-Out refinance programs help you lower your rate or tap equity.
Loan Term Flexibility
Choose a 15- or 30-year term that fits your budget and long-term plans.
Guidelines for this Loan
If your details are close to these guidelines, we encourage you to apply or contact us. Even if you don’t qualify for an adjustable-rate mortgage, we could have other options for you.
Primary Residence Only
he home must be your primary residence, not a vacation or investment property.
Credit Score
Closing Costs
Typically 2–5% of the loan amount; seller/lender credits may help offset.
Mortgage Insurance
Includes both upfront (1.75% of the loan amount) and monthly premiums.
Estimate and Explore
Calculators are a great way to learn and see what’s possible.
Down Payment Calculator
Learn how much cash you need to buy the home in your mind.
Get More In-Depth Details
Articles that give you more information about this loan and explain how mortgages work.
Frequently Asked Questions
Answers to questions about this loan we heard from people like you during research.
Are FHA Loans Only for First-Time Buyers?
No! While they’re especially popular with first-time buyers, FHA loans are available to anyone meeting the requirements—even repeat homebuyers.
Can I Use Gift Funds for My Down Payment?
Yes. FHA allows 100% of your down payment and closing costs to come from gift funds, provided the donor is an approved source (family, employer, etc.).
What Is FHA Streamline Refinance?
It’s a simplified refinance option for borrowers with existing FHA loans. It usually requires no appraisal or income documentation and provides a faster path to a lower rate.
Can I Have a Co-Borrower on an FHA Loan?
Yes, and they don’t have to live in the home. However, co-borrowers who don’t occupy the home may need stronger financials.
Can I Buy a Multifamily Property with an FHA Loan?
Yes, you can finance up to a 4-unit property with FHA, as long as you occupy one of the units as your primary residence.
