Loan program
FHA loans
A popular path for first-time buyers and those rebuilding credit.
Who it may be for
Buyers with lower credit scores or limited down payment funds who want flexible qualification.
Key benefits
- ✓Down payments as low as 3.5%
- ✓More flexible credit requirements
- ✓Competitive rates
- ✓Can be used for 1–4 unit primary residences
Important considerations
- ·Upfront and monthly mortgage insurance premiums
- ·Loan limits apply by county
- ·Must be a primary residence
FAQ
Common questions.
Can I use an FHA loan on a second home?+
FHA loans are designed for primary residences only. Investment and most second homes require a different program.
Does FHA mortgage insurance ever go away?+
For most FHA loans originated today, mortgage insurance stays for the life of the loan. Refinancing to a conventional loan may remove it later.