FHA loans require Mortgage Insurance Premium - both upfront (1.75% of loan amount, financed) and monthly. It is part of every FHA loan.

Can I remove MIP later?

For most FHA loans originated after 2013, MIP stays for the life of the loan. Many borrowers refinance to conventional once they reach 20% equity.

Are FHA loan limits different?

Yes - FHA county limits are generally lower than conforming limits. Check your county online.

Can I use FHA more than once?

Generally one FHA loan at a time. Exceptions exist for relocation, family growth, or co-borrower departures.

Loan option

FHA Home Loan

FHA loans, insured by the Federal Housing Administration, make homeownership accessible for buyers with smaller down payments or recovering credit.

Get a quote Pre-qualify

What FHA Home Loan actually is.

FHA loans were created to make homeownership achievable for working families. The federal mortgage insurance behind them gives lenders confidence to extend credit on terms a conventional loan could not offer.

You can qualify with a credit score as low as 580 and just 3.5% down. Even scores as low as 500 can qualify with 10% down. Income flexibility is a hallmark: FHA allows higher debt-to-income ratios than most conventional programs.

The trade-off is mortgage insurance: an upfront 1.75% fee (typically financed into the loan) plus a monthly premium for the life of the loan. Many borrowers use FHA as a stepping stone and refinance to a conventional loan once they reach 20% equity.

Illustrative sample figures for a template demonstration. Not a rate quote, not an offer to lend, and not live market data.

Who this fits

First-time homebuyers with limited savings
Buyers with credit scores between 580 and 700
Borrowers who need flexible debt-to-income guidelines
Borrowers who experienced a past bankruptcy or short sale

Check whether you qualify

What this program buys you.

Low Down Payment: Just 3.5% down for credit scores 580+; 10% for 500-579.
Flexible Credit: FHA underwriting accepts past credit events that conventional loans would deny.
Gift Funds Allowed: The full down payment can come from a gift from family or an approved source.
Assumable: Future buyers can assume your low FHA rate - a huge selling advantage.

The process

Four moves from first call to keys.

Each step has one job and one owner. You always know which of the four the file is sitting in.

01Confirm EligibilityWe verify income, credit, and property eligibility.
02Get Pre-ApprovedVerified income, assets and credit produce a written pre-approval letter you can attach to offers.
03FHA AppraisalA specialized FHA appraiser confirms property condition.
04CloseFinal conditions are cleared, the Closing Disclosure is issued three business days ahead, then you sign.

Questions this program raises.

If yours is not here, ask it. You will get an answer in writing from the officer who would work the file.

Other programs

Get this priced against your own file.

Tell us the scenario and we will come back with real figures for FHA Home Loan, and for the programs you did not ask about, so you can see all of them at once.