FHA Loans
Unlock your path to homeownership with an FHA loan and buy your dream home with a low down payment.
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Benefits
- Benefit from a down payment as low as 3.5%, making homeownership more accessible.
- Qualify with a lower credit score than conventional loans.
- Enjoy the stability of a fixed-rate mortgage.
- Transfer your FHA loan to a qualified buyer, potentially increasing your home's marketability.
- Simplified process for refinancing, often with reduced documentation requirements.
Eligibility requirements
- Minimum credit score: Typically 580 or higher, although requirements may vary.
- Debt-to-income ratio: Generally 43% or less, but exceptions may apply.
- Property requirements: Must meet FHA appraisal guidelines.
- Mortgage insurance: Required for the life of the loan.
- Occupancy: Must be the primary residence.
Example
Meet Jenny
Jenny, a first-time homebuyer with a limited down payment and a credit score slightly below average, finds FHA loans ideal. With a 3.5% down payment requirement and flexible credit criteria, she qualifies for her dream home.
How can we help you today?
Get pre-approved
See how much you can afford and shop for homes with confidence.
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