3.5% down. 580 credit score. Your clearest path to homeownership if you are just starting out or rebuilding.
FHA loans open the door for buyers who do not qualify for conventional financing. We access multiple lending partners to get you the most competitive FHA rates available, not just what one bank offers.
An FHA loan is a mortgage insured by the Federal Housing Administration. Because the government backs the loan, lenders can offer more lenient qualification standards, including lower credit scores and smaller down payments than most conventional loans require.
FHA loans are one of the most popular choices for first-time homebuyers, but they are available to anyone who meets the qualifications, whether it is your first purchase or your fifth.
We access multiple lending partners to find the best FHA rate available, often beating what big banks advertise publicly.
FHA guidelines are set by HUD. Here is what most borrowers need to qualify.
A 580 credit score qualifies for the 3.5% down payment. Scores between 500 and 579 require 10% down. Below 500 does not qualify for FHA financing.
Just 3.5% down for borrowers with 580+ credit. The down payment can come from personal savings, gifts, or approved down payment assistance programs.
FHA allows higher DTI than conventional loans. With strong compensating factors like solid reserves or overtime income, ratios above 50% can be approved.
The 2026 FHA loan limit in most U.S. counties. High-cost areas go up to $1,249,125. Exact limit varies by county.
FHA requires a 2-year employment history. Job changes are acceptable as long as income is stable or increasing and you stay in the same field.
FHA loans are for primary residences only. The property must meet FHA minimum property standards, which are stricter than conventional appraisal requirements.
FHA loans open the door to homeownership for buyers who might not qualify for conventional financing.
3.5% down is one of the lowest options available for a non-VA, non-USDA purchase. For a $400,000 home that is just $14,000 out of pocket.
FHA is the most accessible loan type for buyers rebuilding credit or with limited credit history. A 580 score qualifies for the best FHA terms.
FHA allows non-occupant co-borrowers, meaning a parent can help a child qualify without living in the home. This is not allowed on most conventional loans.
Because FHA loans are government-backed, lenders price them aggressively. Borrowers with lower credit scores often get a better rate on FHA than conventional.
FHA loans can be assumed by a future buyer when you sell. If rates are higher in the future, an assumable FHA loan at today's rate is a significant selling advantage.
FHA Streamline Refinances let you lower your rate quickly with minimal documentation and no new appraisal once you are in the loan.
| Feature | FHA | Conventional | USDA |
|---|---|---|---|
| Min. Down Payment | 3.5% | 3% to 5% | 0% |
| Min. Credit Score | 580 | 620 | 640 typically |
| Mortgage Insurance | Required life of loan (under 10% down) | Drops at 20% equity | Annual fee, no upfront PMI |
| Upfront Premium | 1.75% of loan amount | None | 1% guarantee fee |
| Property Location | Anywhere | Anywhere | Rural and suburban areas only |
| Income Limits | None | None | Yes, varies by county |
The FHA process is straightforward. We handle the details so you can focus on finding your home.
We review your credit, income, and goals, confirm you meet FHA guidelines, and show you exactly what you can afford.
We compare FHA lending partners and issue your pre-approval letter, typically the same business day you submit your documents.
Shop with confidence knowing your financing is in place. We work with your realtor to make sure the property meets FHA standards before you go under contract.
We manage underwriting, the FHA appraisal, and all lender communications so your closing happens on time.
No cost and no commitment to get started. We move at the pace the market demands.