FHA Loans

Flexible, affordable, and designed to help more people achieve homeownership with lower barriers.

Explore Benefits
FHA Loans

Key Benefits of FHA Loans

  • Low Down Payment: As little as 3.5% with a credit score of 580+.
  • Flexible Credit Requirements: Scores as low as 500 may qualify with 10% down.
  • Competitive Interest Rates: Favorable rates due to government backing.
  • Higher Debt-to-Income Ratios Allowed: Easier qualification even with existing debt.
  • Assumable Loans: Buyers can take over your FHA loan for easier resale.

FHA Loan Requirements

๐Ÿ“‘ Steady Employment

At least 2 years of consistent income history.

๐Ÿ  Primary Residence

Loans are only for homes you plan to live in.

๐Ÿ’ฐ Mortgage Insurance

Requires both upfront and annual MIP premiums.

โœ… Property Standards

Home must meet FHA safety and appraisal guidelines.

Who Should Consider an FHA Loan?

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First-Time Homebuyers with limited savings.

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Borrowers with moderate credit who may not qualify for conventional loans.

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Individuals with higher debt needing flexible approval criteria.

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