An FHA loan is a mortgage insured by the Federal Housing Administration. It’s designed to help borrowers who may have lower credit scores or smaller down payments qualify for a home loan. FHA loans are popular with first-time homebuyers because of their flexible requirements.

The minimum down payment for an FHA loan is 3.5% if your credit score is 580 or higher. If your score is between 500-579, you may still qualify, but you’ll need a 10% down payment.

Yes! FHA loans are designed to be more accessible to borrowers with lower credit scores. You can qualify with a score as low as 580 with a 3.5% down payment, or as low as 500 with a 10% down payment, depending on your financial situation.

Yes, FHA loans require Mortgage Insurance Premiums (MIP), which include both an upfront premium (usually financed into the loan) and a monthly premium. This insurance protects the lender if you default on the loan. Unlike conventional loans, MIP may be required for the life of the loan unless you refinance into a conventional loan later.

The maximum loan amount you can borrow with an FHA loan depends on your location. FHA loan limits vary by county and are based on local housing market prices. You can check with our team for the specific loan limits in your area.

No, FHA loans are only available for primary residences. You must intend to live in the home as your main residence. However, you can purchase a multifamily property (up to 4 units) with an FHA loan, as long as you live in one of the units.

Yes! You can refinance your current mortgage using an FHA loan. We also offer an FHA Streamline Refinance option, which allows you to refinance to a lower interest rate with less paperwork and no new appraisal in most cases.

The first step is to get pre-approved! You can start the application process by clicking the Apply Now button on this page, and our team will guide you through the entire process from pre-approval to closing.