FHA Loan
Government-backed programs that allow for lower down payments and easier qualifications, making homeownership accessible to first-time buyers and those with limited savings.
FHA Loan Features
Government Backing
FHA loans are insured by the FHA, reducing the risk for lenders and making it easier for borrowers to qualify.
Lower Credit Score Requirements
More lenient credit score requirements make FHA loans a good option for first-time homebuyers.
Low Down Payment
Put down as little as 3.5%.
Assumable Loans
FHA loans can be transferred to a new buyer if the property is sold, potentially making it easier to sell your home.
FHA Loan Benefits
- 01
Easier Qualification
Helps more people qualify, even with less-than-perfect credit.
- 02
Lower Down Payment
As low as 3.5%, making homeownership more accessible.
- 03
Flexible Terms
Fixed and adjustable options to fit your situation.
- 04
Assumable Loan Option
Can make your property more attractive when you sell.
Loan Program Frequently Asked Questions
What is an FHA loan?
A mortgage insured by the Federal Housing Administration that offers lower down payments and more flexible qualification guidelines.
Who qualifies for an FHA loan?
Borrowers who meet FHA credit, income and debt guidelines and plan to live in the home as their primary residence. First-time and repeat buyers can both qualify.
Do FHA loans require an appraisal?
Yes. The home must be appraised by an FHA-approved appraiser and must meet FHA safety and livability standards.
What documents are needed?
Typically recent pay stubs, W-2s or tax returns, bank statements and a government-issued ID. Self-employed borrowers will also need business records.
How long does it take?
An FHA loan generally takes 30–45 days to close.