FHA Loan
Ideal for those purchasing their first home, FHA loans provide simpler qualification criteria, attractive interest rates, and lenient credit standards. You can secure a mortgage with a down payment as low as 3.5%.
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Live Rates for an FHA Loan
Rates update multiple times per day. Here are the latest.
Rates as of January 24, 2025
See assumptionsQuick Facts
Know what to expect from an FHA Loan
Benefits
- Low down paymentOwn your home with just a 3.5% down payment.
- Easier qualificationQualify with a lower credit score and flexible debt-to-income ratios.
- Gift funds allowedUse gift funds for down payment and closing costs.
- Lower ratesEnjoy lower rates than conventional loans.
- Loan transferTransfer the loan to a buyer, pending credit approval.
- Down Payment AssistanceAs little as 0% down for qualifying borrowers.
Eligibility/requirements
- Credit scoreMinimum 580 credit score for maximum financing.
- Down paymentMinimum 3.5% down payment of the purchase price.
- Employment historyMust have a steady employment history.
- Primary residenceMust be your primary residence.
- Property guidelinesMust meet HUD’s property guidelines.
- Debt-to-income ratioFlexible options up to 57%
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Schedule a free 20-minute call with us and ask us anything.
- Talk to an experienced loan advisor
- Get honest and helpful information
- No pushy sales talk
- No strings attached
Ready to find the right loan for you?
Know where you stand before you start. Once you’re ready to begin your home buying journey, we’re here to help you get pre-approved with ease.
