FHA loans are backed by the Federal Housing Administration, which allows lenders to offer more flexible qualifying guidelines than conventional financing — making them a common starting point for first-time and lower-credit buyers.
Why buyers choose FHA
- Down payments as low as 3.5%
- Credit score flexibility — often accessible with scores as low as 580
- Down payment can come entirely from gift funds
- Available for purchases and refinances
- Assumable — a future buyer may be able to take over your loan and rate
What to know before choosing FHA
FHA loans require both an upfront and an ongoing mortgage insurance premium, which — unlike conventional PMI — often stays for the life of the loan unless you refinance out of it later. We’ll walk you through the real cost comparison against conventional so you’re choosing with full information.
We offer competitive rates on FHA financing.
