What Are FHA Loans?
FHA loans can help people that may not be qualified for a conventional loan. An FHA loan can help you if you are a low-to-moderate income earner. These loans are backed by the Federal Housing Authority (FHA).
An FHA loan allows lower down payments and lower credit scores than what a traditional loan requires. The better your credit score, the less you are required to put down.
FHA Loan Requirements
The FHA offers a variety of loan programs based on different needs, however they all require the following.
- A credit score of at least 500.
- If your credit score is 580 and above, you can put down 3.5%.
- You must purchase FHA insurance to qualify for the loan.
Get Started on Your FHA Loan
We will need to review your situation to determine the FHA loan that is right for you.
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Get a Mortgage That’s Right for You
Home loans offered include fixed and adjustable rate options, FHA, VA, USDA mortgages and more.
Interest rates vary between loan types and we offer a variety of closing cost options to fit your needs.
FHA Loan
FHA loans help low-income and medium-income earners buy a home. You can access the loan with a low credit score and as little as 3.5% down.
VA Loan
VA loans help active members of the military, veterans and surviving military spouses purchase their primary residence. You don’t need a down payment to qualify.
Conventional Loan
A conventional loan can help you purchase a property without having to save for it in cash. We can help you find out if you are qualified.
