FHA Loans
Government-insured loans designed for borrowers with lower credit scores
About This Program
FHA loans are mortgage loans that are insured by the Federal Housing Administration (FHA.) These loans are designed to help borrowers who may not qualify for conventional home loans or those with lower credit scores. FHA loans typically require a lower down payment than conventional loans, often as little as 3.5% of the purchase price.
Additionally, FHA loans may have more flexible credit and income requirements, making it easier for some borrowers to qualify. FHA loans may also require mortgage insurance premiums (MIP) which adds to the overall cost of the loan.
Key Highlights
Down payments as low as 3.5%
More flexible credit score requirements
Easier qualification for first-time buyers
Government-insured for added lender protection
May require mortgage insurance premiums (MIP)
Ready to Get Started?
Let's discuss your unique situation and see if this program is right for you