FHA Loan Programs
FHA Loans

FHA Loan Programs

FHA loans are government-backed mortgages designed to make homeownership more accessible, especially for first-time buyers with lower credit scores or limited savings.

Visit Official Program Website

Program Details

The Federal Housing Administration (FHA) offers mortgage insurance on loans made by FHA-approved lenders. FHA loans are ideal for first-time homebuyers or buyers with less-than-perfect credit.

Key features of FHA loans:

  • Down payments as low as 3.5%

  • Flexible credit requirements (as low as 580)

  • Lower closing costs

  • Can be combined with down payment assistance programs

FHA loans are available in all 50 states and are often used by buyers who don’t qualify for conventional loans.

Eligibility Requirements

  • Credit score of 580+ for 3.5% down, or 500–579 with 10% down

  • Debt-to-income ratio generally below 43%

  • Must occupy the home as your primary residence

  • Steady employment and income history

  • Property must meet FHA appraisal and safety standards

Program Benefits

  • Lower down payment than conventional loans

  • Easier credit qualifications

  • Can be used to buy single-family homes, condos, or multifamily (up to 4 units)

  • May allow for gift funds or assistance to cover down payment

  • Refinance options like FHA Streamline Refinance available later

How to Apply

  1. Find an FHA-approved lender in your area

  2. Get pre-approved and check your credit score

  3. Submit proof of income, employment, and assets

  4. Find a home that meets FHA guidelines

  5. Undergo FHA appraisal and finalize underwriting

  6. Close on your FHA-backed mortgage

Continue to Application

Program Overview

Category

FHA Loans

Maximum Assistance

3.5% of loan amount

Official Program Website

Information about this program is provided as a resource and may be subject to change. Always verify details with the official program website.

Related Resources