FHA Loans
Additional Information
FHA loans are designed to make homeownership more accessible, especially for first-time buyers. With lower down payment requirements and flexible credit guidelines, an FHA loan can open the door to buying a home—even if you don’t have perfect credit or a large savings for a down payment.
Low Down Payment
FHA loans allow you to purchase a home with as little as 3.5% down, much lower than the 5–20% typically required with conventional financing.
Credit-Friendly Options
FHA guidelines are more forgiving of past credit challenges. In some cases, buyers with credit scores in the 500s may still qualify.
Flexible Loan Limits
Loan limits are adjusted by county to reflect local housing prices, helping ensure FHA loans remain accessible in different markets.
Mortgage Insurance Premiums
FHA loans include a Mortgage Insurance Premium (MIP), which can often be rolled into your loan. This insurance makes it possible for FHA to offer favorable terms with lower down payments.
Property Standards
Homes purchased with an FHA loan must meet certain safety and livability standards. Appraisers will check to make sure the property is structurally sound and move-in ready.
Assumable Advantage
FHA loans can be assumed by future buyers. If interest rates rise, this feature may make your home more attractive since a new buyer could take over your lower-rate loan.
Affordable. Accessible. Attainable.
An FHA loan helps more buyers step into homeownership, building equity and creating opportunity without the barriers of conventional financing.
Learn More
Why Choose an FHA Loan?
- Low Down Payment – Buy a home with as little as 3.5% down.
- Credit Friendly – More flexible guidelines for lower scores.
- Local Loan Limits – Adjusted by county to fit housing prices.
- Mortgage Insurance Included – Helps make low down payments possible.
- Assumable Loans – A buyer can take over your FHA loan if you sell.
FHA loans make homeownership more affordable and accessible.