FHA Loans
FHA Loan Requirements & Eligibility
FHA loans make homeownership more accessible with lower down payments and flexible qualification guidelines.
FHA LOAN HIGHLIGHTS
Why FHA loans Are Popular
Low Down Payment
Buy a home with as low 3.5% down
Flexible credit scores
Credit scores as low as 520 may qualify
Competitive Rates
FHA loans often offer lower interest rates.
Down payment assistance
DPA programs available can help with funds for closing
Great for first time Buyers
Designed to help more buyers
FHA Loan Requirements
minimimum requirements overview
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Requirement
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Minimum
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|---|---|
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Credit Score
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580+ (3.5% down)
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Minimum down payment
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3.5%
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Debt to income ratio (DTI)
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Up to 57%
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Loan Limits
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|
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Mortgage Insurance
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Required
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Occupancy
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who fha loans are great for
FHA loans May be a good fit if you...
FHA loans are designed to help make homeownership more accessible for buyers who may not qualify for conventional financing due to lower credit scores, limited savings, or higher debt-to-income ratios.
first-time homebuyer
Limited down payment savings
Lower credit score
Higher debt-to-income ratio
Need down payment assistance
ready to explore your FHA loan options?
Let’s walk through your numbers, monthly payment, and available FHA loan options so you can understand the best path forward.
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