A flexible path to homeownership
FHA loans may allow lower credit scores and smaller down payments than many conventional loan programs while still offering competitive interest rates. They can be a strong option for first-time homebuyers and borrowers who have experienced credit challenges in the past.
FHA financing is often paired with an eligible down payment assistance program. Depending on the program and the borrower’s qualifications, assistance may cover some or all of the required down payment and closing costs, potentially reducing the borrower’s upfront funds to little or nothing. FHA loans themselves are not zero-down loans, and program availability, eligibility and repayment terms vary.
What to know
FHA-insured loans can accommodate qualifying borrowers with a range of credit and down payment profiles. Mortgage insurance, property standards and borrower eligibility apply.
Start with a conversation
Tell me where the property is, how you plan to use it and what you want the loan to accomplish. I can help you understand which details lenders will review and compare available paths.
What is an FHA loan?
An FHA loan is insured by the Federal Housing Administration and made by an approved lender. Borrowers must meet its credit, income and property requirements.