FHA Loans
Lower down payment. Flexible credit guidelines.
FHA loans are insured by the Federal Housing Administration and built for borrowers who need lower down payment requirements or have credit profiles that conventional financing won't accommodate. Available across Texas and Florida.
Overview
An FHA loan is a residential mortgage insured by the Federal Housing Administration, designed to help buyers with lower credit scores or smaller down payments achieve homeownership. FHA loans require as little as 3.5% down with credit scores of 580 or higher, and offer more flexible debt-to-income guidelines than conventional programs. Available for primary residences only.
What to know
FHA loans, plainly.
3.5% down with FICO 580+
FHA's hallmark feature is a 3.5% down payment requirement for borrowers with credit scores at 580 or above. Lower scores may still qualify with 10% down depending on the lender.
Built for first-time and recovery buyers
FHA financing is widely used by first-time buyers, borrowers rebuilding credit after life events, and borrowers with non-traditional credit profiles. Bankruptcy and foreclosure waiting periods are shorter than conventional.
Mortgage insurance is part of the deal
FHA loans carry both an upfront mortgage insurance premium and an annual premium. Unlike conventional PMI, FHA mortgage insurance often remains for the life of the loan unless you refinance out.
Primary residence only
FHA loans must be used for a primary residence — not investment properties or second homes. Single-family, 2-4 unit owner-occupied, and FHA-approved condos all qualify.
Next step
See if FHA fits.
FHA isn't right for everyone, but for the borrowers it fits, it's a strong path. Send me your situation and I'll tell you honestly whether FHA is the move.