Min Credit Score
580 (3.5% down) | 500–579 (10% down)
Min Down Payment
3.5%
Ideal For
First-time homebuyers, moderate credit scores
What is a FHA Loans?
FHA loans are backed by the Federal Housing Administration and are one of the most accessible mortgage options available. With a low down payment and flexible credit requirements, FHA loans are ideal for first-time buyers and those rebuilding credit.
Who It's For
FHA loans are designed for buyers who may not qualify for conventional financing, particularly first-time homebuyers, buyers with moderate credit scores, or those who don't have a large down payment saved up.
Key Benefits
- Down payment as low as 3.5% with 580+ credit score
- More flexible debt-to-income ratio guidelines
- Gift funds allowed for down payment
- Seller can contribute up to 6% of closing costs
- Available for 1–4 unit properties
- Fixed and adjustable rate options available
What You'll Need
- Minimum credit score of 580 (for 3.5% down)
- Steady employment history (typically 2 years)
- Property must be primary residence
- Debt-to-income ratio generally under 43%
- W2s, tax returns, and pay stubs
- FHA mortgage insurance premium (MIP) required
Frequently Asked Questions
Everything you need to know about FHA Loans.
Ready to Get Started?
Tathiana is ready to help you navigate your FHA Loans options. Apply online or call us directly.