FHA Loans

Flexible guidelines for many first-time and returning buyers

Who it may fit

• First-time buyers with a smaller down payment
• Buyers rebuilding credit or with limited credit history
• Buyers who may receive gift funds toward a down payment, where allowed

Things to know

• FHA loans include an upfront mortgage insurance premium and an annual premium, set by HUD.
• The home must be a primary residence and meet FHA property standards.
• FHA loan limits vary by county.
• Mortgage insurance rules differ from conventional loans, so we'll compare total costs side by side.

Main benefits

• Low down payment options and flexible credit guidelines.
• Can work for buyers who are still building credit.
• Eligible borrowers may later use an FHA Streamline refinance.

Limitations & tradeoffs

• Upfront and annual mortgage insurance add to the cost, and the annual premium often lasts for the life of the loan unless you refinance.
• Primary residence only, and the property must meet FHA standards.
• County loan limits apply.

Next step

Get a quote and I will compare the total cost of FHA with conventional so you can see the difference in dollars.

Get a Quote →

Eligibility, terms, and availability depend on your situation and on lender and program guidelines, and are subject to change. Not all borrowers will qualify. No rates are quoted on this site.