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FHA Loans

A real path to homeownership for buyers building their foundation.

FHA loans exist to open the door to homeownership for buyers who are still building their credit or saving toward a larger down payment. If you have been told you do not qualify yet, an FHA loan might be exactly the bridge you need.

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Who it’s for

FHA is often the right fit for first-time homebuyers, buyers with credit scores in the 580 to 680 range, buyers with higher debt-to-income ratios, and anyone who has been through a financial hardship and is rebuilding.

Key benefits

✓Down payments as low as 3.5% with a 580+ credit score

✓More flexible debt-to-income ratio guidelines

✓Gift funds allowed for down payment

✓Available for single-family homes and approved condos

✓Can be combined with down payment assistance programs

Common questions

What people ask about fha loans

Does FHA mortgage insurance ever go away?

In most cases FHA loans carry mortgage insurance for the life of the loan. Depending on your situation it may make sense to refinance into conventional once your equity improves.

What is the minimum credit score?

580 for 3.5% down. Scores between 500 and 579 may qualify with 10% down.

Can I use FHA for a fixer-upper?

Yes. The FHA 203(k) renovation loan lets you finance the purchase and renovation in one loan.

Ready to see if this is right for you?

Let’s run the numbers together and find out exactly what you qualify for. No pressure, no commitment.

Get Pre-Approved Call (253) 417-8790

Explore other loan programs

Not sure this is the right fit? Browse all available programs.

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