FHA Mortgage Guidance | Brevard County, FL
FHA Home Loan Guidance for Buyers in Brevard County and the Space Coast
FHA loans are insured by the Federal Housing Administration and are often used by first-time and moderate-income homebuyers. These loans may offer more flexible credit and down payment guidelines compared to some conventional loans.
Down Payment Options
FHA loans may allow down payments as low as 3.5% for eligible borrowers.
Mortgage Insurance
FHA loans require mortgage insurance premiums, which may apply for part or all of the loan term, depending on down payment and program guidelines.
Property Requirements
The home must meet FHA safety and condition standards.
Primary Residence Only
FHA financing is generally limited to owner-occupied primary residences.
Learn More About FHA Loans
Why Some Borrowers Consider FHA Loans
• Lower minimum down payment for eligible borrowers
• May offer more flexible credit guidelines
• Fixed and adjustable-rate options available
• Backed by the Federal Housing Administration
If you’re exploring FHA loans in Brevard County or Florida’s Space Coast, I’m happy to answer questions and help you understand the process.