FHA Loan Program

⚡️FHA Highlights ⚡️

An FHA loan, insured by the Federal Housing Administration and issued by FHA-approved lenders, is designed for low-to-moderate income borrowers. Key points for homebuyers or homeowners include:

  • Eligibility: Suitable for individuals with lower credit scores and low-to-moderate incomes.
  • Down Payment: Requires a minimum down payment as low as 3.5%.
  • Credit Score: Accepts credit scores as low as 540, though scores under 580 require a minimum 10% down payment.
  • Financing: Allows financing up to 96.5% of the home purchase price.
  • Flexibility: Offers more flexible qualification requirements compared to other home loan types.

All loans are subject to underwriter approval, and terms and conditions may apply.

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