Loan program
FHA Home Loan
Government-backed loans with 3.5% down and flexible credit guidelines.
FHA loans, insured by the Federal Housing Administration, make homeownership accessible for buyers with smaller down payments or recovering credit.
FHA loans were created to make homeownership achievable for working families. The federal mortgage insurance behind them gives lenders confidence to extend credit on terms a conventional loan could not offer.
You can qualify with a credit score as low as 580 and just 3.5% down. Even scores as low as 500 can qualify with 10% down. Income flexibility is a hallmark: FHA allows higher debt-to-income ratios than most conventional programs.
The trade-off is mortgage insurance: an upfront 1.75% fee (typically financed into the loan) plus a monthly premium for the life of the loan. Many borrowers use FHA as a stepping stone and refinance to a conventional loan once they reach 20% equity.
What it gives you
Low Down Payment
Just 3.5% down for credit scores 580+; 10% for 500–579.
Flexible Credit
FHA underwriting accepts past credit events that conventional loans would deny.
Gift Funds Allowed
The full down payment can come from a gift from family or an approved source.
Assumable
Future buyers can assume your low FHA rate — a huge selling advantage.
How it runs, start to finish
- 1
Confirm Eligibility
We verify income, credit, and property eligibility.
- 2
Get Pre-Approved
Receive a same-day pre-approval letter to make offers.
- 3
FHA Appraisal
A specialized FHA appraiser confirms property condition.
- 4
Close
Closings typically run 25–35 days from contract.
Questions people ask about this one
What is MIP?
FHA loans require Mortgage Insurance Premium — both upfront (1.75% of loan amount, financed) and monthly. It is part of every FHA loan.
Can I remove MIP later?
For most FHA loans originated after 2013, MIP stays for the life of the loan. Many borrowers refinance to conventional once they reach 20% equity.
Are FHA loan limits different?
Yes — FHA county limits are generally lower than conforming limits. Check your county online.
Can I use FHA more than once?
Generally one FHA loan at a time. Exceptions exist for relocation, family growth, or co-borrower departures.
Programs people look at next
The first step is a conversation, and it costs nothing.
No documents, no credit pull, no obligation afterwards. Just somebody explaining the part you are stuck on.
Or call(503) 555-0175and ask for whoever is free.
