A Flexible Path to Homeownership
 

Buying a home doesn't always require a large down payment or perfect credit. FHA loans offer flexible qualification guidelines and down payments as low as 3.5% for qualified borrowers.

Whether you're a first-time buyer or simply looking for an alternative to conventional financing, an FHA loan may be worth considering.
 

Get Pre-Qualified
 
What Is an FHA Loan?
 

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA) and offered through approved lenders. FHA insurance allows lenders to offer more flexible qualification guidelines than some conventional loan programs.

FHA financing can be used for eligible primary residences, including single-family homes, condos, townhomes, and 2–4 unit properties.

 
Key Benefits of FHA Loans

 Low Down Payment

Qualified borrowers may be able to purchase with as little as 3.5% down.
 
Example: $400,000 Home with 3.5% Down = $14,000
 

Flexible Credit Guidelines

FHA financing can be an option for borrowers whose credit profile may not fit conventional financing as easily.
 

Multiple Property Types

FHA loans can be used for eligible single-family homes, condos, townhomes, and 2–4 unit primary residences.
 

Down Payment Assistance

Depending on eligibility, certain down payment assistance programs and permitted gift funds may be available.
 

Not Just for First-Time Buyers

You don't have to be a first-time homebuyer to use FHA financing.


 

FHA Mortgage Insurance

FHA loans include mortgage insurance premiums (MIP). Depending on the loan, this may include an upfront premium and an annual premium that is generally paid monthly.
 

Because of this, it's important to compare the total cost of the loan, not just the down payment or interest rate.

 
FHA vs. Conventional
 

FHA may be a good fit if you:

• Want a lower down payment

• Have less-than-perfect credit

• Are exploring down payment assistance

• Are purchasing a primary residence
   

Conventional may be a better fit if you:

• Have stronger credit

• Can make a larger down payment

• Want to potentially reduce mortgage insurance costs

• Meet conventional underwriting requirements
   

The best option depends on your individual financial situation.

 

Ready to Explore Your FHA Options?

You don't have to figure out which mortgage program is right for you.
 

We'll review your income, credit, assets, debts, and goals to determine whether FHA, or another loan option, makes the most sense for you.
 

Let's find the right loan for your next home.
 

Get Pre-Qualified
 

FHA guidelines, loan limits, mortgage insurance requirements, rates, and qualifying criteria are subject to change. Not all borrowers will qualify. Additional restrictions and lender requirements may apply.