FHA loans
FHA loans, without the runaround.
FHA loans are insured by the Federal Housing Administration and help first-time buyers and borrowers with limited down payment or credit history get into a home. Loan limits vary by county.
Eligibility
- Primary residence only
- Minimum down payment as low as 3.5% with qualifying credit
- Steady, documentable income
- Property meets FHA condition standards
Benefits
- Less stringent qualifications and credit requirements.
- Down payment as low as 3.5% with a 580 credit score.
- Gift funds permitted for the down payment.
- Save money with an FHA Streamline refinance.
How we help
Because we run so many VA files cleanly, our FHA pricing benefits from the same lender relationships. Sharper rates, fewer surprises.
As an approved FHA lender, Got Your Six will guide you through the process with minimal fuss. Paul will tell you what documents you actually need, and which ones lenders ask for and never look at.
FAQ
What credit score do I need?
580 for the 3.5% down payment program; 500 to 579 may qualify with 10% down, subject to lender overlays.
Is there mortgage insurance?
Yes. FHA loans include an upfront mortgage insurance premium plus a monthly premium. Paul will walk through the math with you so you can compare it directly to conventional with PMI.
Can I use an FHA loan for an investment property?
No. FHA loans require the property to be your primary residence.
What is an FHA Streamline?
A reduced-documentation FHA-to-FHA refinance used to lower your rate or payment without a new appraisal in most cases.
Ready when you are. Better call Paul.