FHA Loans
Flexible qualifying standards — credit scores as low as 500 may qualify.
What is an FHA Loan?
FHA loans are government-backed mortgages insured by the Federal Housing Administration. They're designed to help buyers with lower credit scores, limited savings, or lower incomes achieve homeownership with more flexible qualifying requirements than conventional loans.
With a minimum down payment of just 3.5% for borrowers with a 580+ credit score, and eligibility for borrowers with scores as low as 500 with a 10% down payment, FHA loans open the door to homeownership for millions of Americans who might not qualify for conventional financing.
Key Benefits
- Credit scores as low as 500 may qualify
- Down payment as low as 3.5%
- More flexible debt-to-income ratio requirements
- Gift funds allowed for down payment
- Competitive interest rates backed by the government
Is an FHA Loan Right for You?
FHA loans are a great fit for buyers who have had credit challenges in the past, are working with limited savings for a down payment, or have a higher debt-to-income ratio that disqualifies them from conventional loans.
Keep in mind that FHA loans require mortgage insurance premiums (MIP) for the life of the loan in most cases. Our team will help you weigh the pros and cons and determine if FHA is the right path for you.
See If You Qualify for an FHA Loan
Our team will review your situation and get you pre-approved fast.