FHA Loans
Built for first-time buyers and borrowers rebuilding credit.
First home? Lower credit score? FHA is almost always the most forgiving loan on the menu, and one we know cold.
About FHA Loans
FHA loans are insured by the Federal Housing Administration. They let you buy with a lower credit score and as little as 3.5% down, which makes homeownership reachable for a lot of buyers who can't qualify for conventional financing yet.
Key benefits
On a $250,000 home, that's $8,750 down, a fraction of what most conventional loans require.
FHA allows scores as low as 580, and we can sometimes go to 500 with a larger down payment and compensating factors.
100% of your down payment and closing costs can come from a gift from family, employer, or an approved down-payment assistance program.
FHA loans are assumable, if rates climb and you sell years from now, a qualified buyer can take over your loan at your rate. That's a real selling feature.
The process
- Free pre-qualification with a soft credit pull
- We verify income, gift letters, and assets
- FHA appraisal to confirm the property meets HUD's minimum standards
- Underwriting and closing (typically 25-30 days)
FHA FAQ
- If you put less than 10% down, FHA annual MIP stays for the life of the loan. Most borrowers refinance into a conventional loan later once they have 20% equity, we track this for you and reach out when the timing is right.
Not sure which one fits?
We'll help you compare. Here's what else is on our rate sheet.
Ask about FHA loans
Lee answers personally. Usually within a business hour.
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