FHA LOANS
A Flexible Path To Homeownership
FHA loans offer flexible qualification guidelines and a low-down-payment option, helping make homeownership accessible to a wide range of buyers.
3.5% Down
Low down payment options.
KEY BENEFITS
Why Choose an FHA Loan
Flexible Credit Guidelines
FHA financing offers more flexible qualification guidelines than many traditional options
Gift Funds Allowed
Eligible gift funds may be used toward your down payment and closing costs.
Seller Contributions
Seller contributions may help cover eligible closing costs.
FHA LOAN OPTIONS
Flexible Financing With As Little As 3.5% Down
FHA Loan Requirements
A Quick Look at the Key Guidelines
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580+ for 3.5% Down
FHA guidelines generally allow borrowers with a 580+ credit score to qualify with as little as 3.5% down. Scores between 500–579 generally require at least 10% down. Individual lender requirements may vary.
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Up to 50%+ in Some Cases
FHA offers flexibility with debt-to-income ratios. Automated underwriting may approve ratios of 50% or higher depending on credit, income, assets, reserves, and the overall loan profile.
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Up to 6%
Sellers and other interested parties may contribute up to 6% of the sales price toward eligible closing costs, prepaid expenses, discount points, and other permitted financing costs.
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Gift Funds Allowed
Eligible gift funds may be used toward the down payment and closing costs. Documentation of the donor, source, and transfer of funds may be required.
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1–4 Units • Primary Residence
FHA financing may be available for eligible 1–4 unit properties, approved condos, and qualifying manufactured homes. The property must generally be used as the borrower’s primary residence.
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Upfront + Monthly Mortgage Insurance
FHA loans generally require an upfront mortgage insurance premium (UFMIP) plus an annual mortgage insurance premium (MIP) that is typically included in the monthly payment. The length of time MIP is required depends on the loan terms and original loan-to-value ratio.
READY TO GET STARTED?
Explore Your FHA Loan Options
Whether you’re buying your first home or your next home. We’ll help you explore FHA financing options that fit your goals.