Loan Program
FHA Loans
FHA-backed loans help first-time and repeat buyers with flexible credit guidelines and low down payment options, often a welcoming first step toward your home.
What It Is
FHA loans are backed by the Federal Housing Administration, built for first-time and repeat buyers who want more flexible credit guidelines and a lower down payment. They're one of the most common paths into homeownership for buyers who haven't saved a full 20% down.
Program Details
FHA Loans
- From 3.5% down payment typical
- Flexible credit guidelines
- Upfront and annual mortgage insurance
- Popular with first-time homebuyers
FHA mortgage insurance premiums protect the lender and make the program's flexible terms possible. Upfront MIP runs 1.75% of the loan amount, paid at closing or financed into the loan; annual MIP is a separate ongoing cost. Your loan officer can walk you through how both fit your monthly budget.
Situation outside standard guidelines - renovation, manufactured housing, alternative documentation, home equity, or investor financing? Explore Specialty & Niche Programs.
Common Questions
About FHA Loans
Educational only, not a loan offer or commitment to lend. Program terms, rates, and eligibility vary; talk with a loan officer for your file. NMLS #3446.