Low Down Payment FHA Loans

Buy your home with just 3.5% down and more flexible credit options.

Interest Rate

5.75% APR

Min Credit Score

580

Down Payment

3.5%

Mortgage Insurance

Required

These metrics are for example purposes only and are not factual. Interest rate and loan approval are subject to lender requirements.

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Benefits of FHA Loans

Low down payment 3.5%

Low credit score requirement

FHA-Insurability

FHA FAQs

FHA Loan FAQs

What is an FHA loan?

An FHA loan is a mortgage insured by the Federal Housing Administration that helps buyers with low to moderate income purchase a home with flexible qualification guidelines.

How much down payment is required?

Typically 3.5% down if your credit score is 580 or above. Borrowers with lower credit may need to put down 10%.

Do FHA loans require mortgage insurance?

Yes, both an upfront premium and monthly mortgage insurance are required to protect lenders in case of default.

Can I qualify with a low credit score?

Yes. FHA loans are designed for credit-challenged borrowers. Minimum scores start at 500 with compensating factors.

What are the FHA loan limits?

Loan limits vary by county and property size. Check HUD’s loan limit lookup or ask us for your local maximum.

Have more questions or ready to apply for your FHA loan?

Start Your Application

Why We Chose an FHA Loan: Real Stories from Homeowners

"As a first-time buyer with a modest income, I was worried about affording a home. The FHA loan made it possible with its low down payment. I never thought I could own a home this soon!" - Jessica T.

"We wanted to buy a multi-family home to generate rental income. The FHA loan not only helped us with the down payment but also allowed us to invest in our future." - Mark and Lisa R.