FHA Loans
Buy with as little as 3.5% down.
Lower credit and down payment requirements make FHA one of the most accessible paths to homeownership.
- 3.5% down with 580+ credit score
- Gift funds allowed for down payment
Quick Facts
What to know about FHA loans before you apply.
- Minimum down payment: 3.5% with a 580+ credit score
- Down payment can come entirely from gift funds
- Requires upfront + annual mortgage insurance premium (MIP)
- Seller can contribute up to 6% toward closing costs
FHA loans require mortgage insurance for the life of the loan in most cases — a loan officer can walk you through the numbers.
01
Low down payment
Get into a home with as little as 3.5% down, well below what most conventional loans require.
02
Flexible credit requirements
FHA is more forgiving of past credit issues than most conventional loan programs.
03
Seller-paid closing costs
Negotiate for the seller to cover a portion of your closing costs, reducing cash needed at closing.
Step 1 of 3
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