top of page

FHA LOAN
An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). This loan tends to be more popular for first time home buyers because of the low down payment, and less-than-perfect credit requirements.
​
-
580 minimum FICO
-
3.5% minimum down payment
-
Higher debt-to-income ratios allowed
-
Mortgage insurance required
bottom of page