Home / Loan programs / FHA loans
Loan program
FHA loans
Insured by the Federal Housing Administration, FHA loans offer flexible credit guidelines and a lower down payment option for primary residences.
A good fit for
- First-time buyers
- Borrowers rebuilding credit
- Buyers with limited savings for a down payment
- 2 to 4 unit homes you will live in
Good to know
- For primary residences only
- Upfront and annual mortgage insurance premiums apply
- Property must meet FHA appraisal standards
- Gift funds from family can be used toward the down payment
Why borrowers choose FHA
FHA guidelines allow higher debt-to-income ratios and lower credit scores than most conventional programs. That makes FHA a strong fit for first-time buyers and for anyone whose credit is still recovering.
Buy a multi-unit and live in one
FHA allows 2, 3, and 4 unit properties as long as you live in one of the units. Rental income from the other units can help you qualify. It is one of the best ways for a first-time buyer to start investing.
Mortgage insurance
FHA loans carry an upfront premium, which is usually financed into the loan, plus an annual premium paid monthly. We will compare the total cost against conventional options so you can see which one actually costs less.
Rates and terms change daily. Contact us for current pricing based on your credit, property, and down payment.
Ready to see your options?
Apply online in about 15 minutes, or call to talk it through first.