FHA Home Loans

With features like homeownership workshops and available down payment assistance*, government-backed FHA loans are perfect for:

  • First-time homebuyers
  • Low-to-moderate income families
  • Buyers looking for a low down payment
  • Buyers with higher debt-to-income ratios

FHA Program Features:

  • Minimum down payment of 3.5%
  • Minimum credit score of 500
  • 0.5% of purchase price as monthly mortgage insurance
  • 2-year waiting period required after bankruptcy and 3-year waiting period after foreclosure
  • Low income requirements and no geographic restrictions
  • Down payment can be gifted from a relative, borrowed from an eligible 401K, or provided through an approved state or local program
  • FHA loan limits vary by county

*First lien interest rates may be higher when using a DPA second. Closing costs and fees may still apply.

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