FHA Loans
The Lowdown on FHA Loans
Why an FHA Loan?
FHA loans are a popular option for homebuyers who want flexible qualification terms, a lower down payment, or who are working on building stronger credit. Backed by the Federal Housing Administration, these loans make homeownership accessible for more buyers across the U.S.
Here’s what makes FHA loans appealing:
- Low Down Payment: As little as 3.5% for credit scores of 580 or higher.
- Flexible Credit: Borrowers with scores between 500–579 may qualify with a 10% down payment.
- Competitive Loan Limits: Set by county and property type, typically ranging from around $470,000 in lower-cost areas to over $1,000,000 in higher-cost regions.
- Reasonable Debt-to-Income Ratios: Generally up to 43%, with flexibility for strong applicants.
- Mortgage Insurance: Includes a one-time upfront premium of 1.75% of the loan amount and annual premiums between 0.45% and 1.05%, depending on loan size and term.
These benefits make FHA loans ideal for first-time buyers, those with limited savings, or anyone who wants a smoother path to homeownership.
Our FHA Loan Rates Are Low & Our Process is Quick & Painless
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable.
We’re here to make the FHA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE FHA Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.