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FHA Loan
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration (FHA), making it an excellent option for first-time homebuyers and low-to-moderate-income borrowers. With a low down payment requirement of just 3.5% and flexible credit score requirements, FHA loans help buyers with less-than-perfect credit achieve homeownership more easily. These loans offer competitive interest rates, lower closing costs, and more lenient debt-to-income (DTI) ratios, making them a top choice for buyers who may not qualify for conventional loans. If you’re looking for an affordable mortgage option, an FHA home loan could be the perfect fit. Get pre-approved today and start your journey to homeownership!
A Reliable Home Loan You Can Trust.
Low Down Payment Options
Lower Credit Score Requirements
Qualify with a credit score as low as 500.
Government-Backed Security
FHA loans are insured, offering lenders more confidence in approving applications.
Assumable Loans
FHA loans can be transferred to a new buyer, potentially saving money if interest rates rise.
Loan Guidelines
If your details are near these guidelines, we encourage you to apply or reach out. Even if you don’t qualify for a 30-year fixed-rate mortgage, we may have other options available.
The Home
Purchase a new home or refinance your current mortgage.
Credit Profile
A credit score above 620 is typically required.
Debt-to-Income
Your debt-to-income ratio (DTI) should be under 50%.
Closing Costs
Along with your down payment, you’ll need sufficient funds to cover closing costs.
Explore Your Potential
Our calculators help you understand and visualize your options
Mortgage Calculator
Planning to buy a home? Calculate your estimated monthly payments, including taxes and insurance.
Refinance Calculator
Considering refinancing your mortgage? Find out how much you could save.
Frequently Asked Questions
Have questions? We’ve got answers! Explore our FAQ section to find helpful information about loans, refinancing, and more. If you don’t see what you’re looking for, feel free to contact us—we’re here to help!
Who are FHA loan best for?
FHA loans are best for first-time homebuyers, those with lower credit scores, or individuals who have a smaller down payment saved. They’re a popular choice for borrowers seeking more flexible qualification requirements compared to conventional loans.
How do FHA loan work?
FHA loans are backed by the Federal Housing Administration, making them more accessible to borrowers with lower credit scores or higher debt-to-income ratios. Borrowers are required to pay both an upfront mortgage insurance premium (UFMIP) and monthly mortgage insurance premiums (MIP) for the life of the loan or until they refinance. Down payments can be as low as 3.5% for qualified borrowers.
What are pros and cons of a FHA loan?
Pros:
- Lower credit score requirements (typically starting at 580 with 3.5% down or 500 with 10% down).
- Smaller down payment options (as low as 3.5%).
- More lenient debt-to-income ratio thresholds.
Cons:
- Requires both upfront and monthly mortgage insurance premiums.
- Mortgage insurance is often required for the life of the loan unless refinanced.
- Loan limits may be lower than conventional loans in some areas.