FHA Home Loans
Low Down Payment
Buy a home with as little as 3.5% down, making homeownership more attainable.
Flexible Credit Requirements
More forgiving guidelines help borrowers with less-than-perfect credit qualify.
Refinancing Options
FHA loans can be used to refinance single-family homes, condos, manufactured housing, and some multi-unit properties.
Government-Backed Security
Loans are insured by the FHA, providing peace of mind for both lenders and borrowers.
What is an FHA Home Loan?
An FHA home loan is insured by the Federal Housing Administration (under HUD) and offers low down payments (as little as 3.5%) and more flexible credit requirements than most conventional loans. This makes FHA loans especially attractive to first-time buyers, but you don’t have to be a first-time buyer to qualify.
To qualify, you’ll need an FHA-approved appraisal of the home, an inspection confirming it meets FHA’s minimum property standards, and a commitment to use the property as your primary residence (you must move in within 60 days of closing). Because FHA loans are designed to protect both lenders and borrowers, these guidelines help ensure the property is safe, secure, and livable.
Inspection vs. Appraisal
FHA requires both an inspection and an appraisal. The inspection ensures the home meets minimum safety and livability standards, while the appraisal determines its market value and basic condition. Both steps protect you from unexpected issues.
Foreclosures & Multi-Family Properties
You can purchase a foreclosed home with FHA financing if the property is livable and can pass FHA appraisal. FHA also insures some multi-family properties, provided they meet FHA standards and eligibility guidelines.
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Second Home Rules
FHA financing is generally for primary residences only. However, HUD 4000.1 allows a new FHA loan without selling your existing property in limited cases—for example, a job relocation over 100 miles away or returning to your original area while establishing a new principal residence.
FAQ
What is a conventional loan?
A mortgage not backed by a government agency, offered through private lenders, and typically following Fannie Mae and Freddie Mac guidelines.
How is a conventional loan different from an FHA loan?
FHA loans are insured by the government and allow lower credit and smaller down payments, but require mortgage insurance. Conventional loans generally require stronger credit but can be more cost-effective in the long run.
Who qualifies for a conventional loan?
Borrowers usually need a 620+ credit score, stable income, and a reasonable debt-to-income ratio. Larger down payments can improve terms.
How much do I need for a down payment?
Conventional loans start at 3%–5% down, but putting 20% down avoids PMI and may lower your monthly payment.
Can I use a conventional loan for a second home or investment?
Yes — unlike some loan types, conventional mortgages can be used for vacation properties and investment homes.
Ready to Explore Your Options?
With nearly two decades in mortgage lending, we help buyers and homeowners navigate FHA rules, compare options, and structure loans around their long-term goals.
Ready to explore FHA financing? Let’s talk through your options and next steps.