FHA Loans
An FHA loan is a mortgage insured by the Federal Housing Administration, designed to make homeownership more accessible—especially for first-time buyers or those with limited credit history. Because the FHA guarantees the loan, lenders can offer more flexible terms, including a low down payment of just 3.5%. This option can open the door to homeownership for buyers who might not qualify for a conventional loan.
3.50% Minimum Down Payment
Credit Score: 620+
Post-Bankruptcy Qualifying
Post-Foreclosure Qualifying
Who Qualifies for an FHA Loan?
FHA loans are available to many types of borrowers, but there are a few basic requirements to keep in mind:
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No income limits, but there are limits on how much you can borrow based on local home prices.
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A credit score of at least 620 is generally required (some lenders may allow lower).
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Reasonable debt-to-income ratios are needed to qualify.
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Visit HUD’s website to check the FHA loan limits in your area.
These loans are especially useful for buyers who are just starting out or need more lenient credit and income guidelines.
Key Features and Benefits
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Low Down Payment: Just 3.5% required on most purchases.
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Gift-Friendly: Easily apply gift funds toward your down payment or closing costs.
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No Prepayment Penalty: Pay off your loan early without added fees.
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Renovation Financing: Use an FHA 203(k) loan to finance both the purchase and home improvements.
Understanding the Loan Application Process
Step 1
Begin by selecting the loan type that best suits your needs. Whether it’s a fixed-rate, adjustable-rate, FHA, or VA loan, each option offers unique benefits tailored to different financial situations.
Step 2
Complete the online application form with your personal and financial details. Our team will review your information and reach out for any additional documentation required.
Step 3
Once your application is submitted, our experts will guide you through the approval process, ensuring a smooth experience from start to finish. Expect timely updates and clear communication at every step.
Take the First Step Towards a Home Loan!