Opening Doors to Homeownership

FHA Mortgage Loan Highlights

The Federal Housing Administration (FHA) insures all FHA loans that are issued by FHA-approved lenders, which enables borrowers to qualify with lower credit scores and a lower down payment amount. FHA loans are designed to assist low- to moderate-income borrowers and increase homeownership across the US. Many first-time homebuyers choose FHA because of the low upfront costs; borrowers can put as little as 3.5% down on a new home, financing 96.5% of the home value.

Key FHA Program Features:

• Low Down Payment: FHA mortgage loans have a low down payment requirement of just 3.5%, making it easier for borrowers to become homeowners.
• Credit Score: FHA loans have a lower credit score requirement compared to conventional loans, usually around 580, with some options accepting scores as low as 500 (with a 10% down payment).
• Mortgage Insurance (MIP): Borrowers are required to pay Mortgage Insurance Premiums (MIP) to protect the lender. This includes an upfront premium and an annual premium paid monthly.
• Streamlined Underwriting: FHA loans have a streamlined underwriting process, which can allow for quicker and easier approval compared to conventional loans.

2025 FHA Loan Limits

FHA loan limits vary by county. For 2025, the national floor is set at $524,225 for single-family homes, with a ceiling of $1,209,750 in high-cost areas. These limits are higher for multi-unit properties, enabling financing for duplexes, triplexes, and four-plexes under the FHA program.

FHA loans can also be combined with Down Payment Assistance (DPA) programs for up to 100% financing!

For borrowers who do not qualify for FHA financing, we have over 5,000 other options including Non-QM Loan Programs that use alternative documentation like bank statements or DSCR for investors.