FHA Loan
The most accessible path to homeownership — government-backed financing with a low down payment and flexible credit requirements designed for real people, not perfect financial profiles.
Talk to Andrew About FHA LoansWhy Choose an FHA Loan?
An FHA loan is insured by the Federal Housing Administration, making it easier for lenders to offer favorable terms to buyers who might not qualify for conventional financing. Whether you're buying your first home, rebuilding your credit, or working with a smaller down payment, an FHA loan can get you through the door faster than you think.
Low Down Payment
Put as little as 3.5% down on your home purchase — that's significantly less than the 20% typically required for conventional loans. Perfect for buyers who haven't had years to save up a large lump sum.
Flexible Credit Requirements
Qualify with a credit score as low as 580 with 3.5% down. Even scores between 500–579 may qualify with a 10% down payment. FHA lenders evaluate your full financial picture, not just a number.
Competitive Interest Rates
Because FHA loans are government-backed, lenders can offer competitive rates even to buyers with imperfect credit — often lower than the rates you'd receive on a comparable conventional loan.
Seller Concessions Allowed
Sellers can contribute up to 6% of the purchase price toward your closing costs, reducing your out-of-pocket expenses even further and making the deal more affordable on day one.
Streamline Refinancing
Already in an FHA loan? The FHA Streamline Refinance program makes it easier and faster to refinance to a lower rate with minimal paperwork and no appraisal required in most cases.
Gift Funds Welcome
The entire down payment can come from gift funds from family members, making it possible to buy a home even if your savings haven't caught up with your goals yet.
FHA Loan At a Glance
Common Questions About FHA Loans
Can I use an FHA loan to buy any home?
FHA loans can be used for single-family homes, 2–4 unit properties (if you live in one unit), and approved condominiums. The property must meet FHA minimum property standards and be appraised by an FHA-approved appraiser.
What is mortgage insurance on an FHA loan?
FHA loans require both an upfront mortgage insurance premium (1.75% of the loan amount, typically rolled into your loan) and an annual premium paid monthly. This insurance protects the lender — not you — but it's the tradeoff that enables the low down payment and flexible qualification standards.
How long does it take to get approved for an FHA loan?
With a complete application and responsive buyer, FHA loans typically close in 30–45 days. Andrew works quickly to gather documentation and keep the process moving so you can get to closing day on time.
Is an FHA loan right for me if I have good credit?
If you have strong credit but limited savings, an FHA loan's low down payment requirement can still be the right tool. However, buyers with 680+ credit scores and 5%+ down may find conventional loans more cost-effective over time due to lower mortgage insurance terms.
Ready to Get Pre-Approved?
Andrew will walk you through every step — from pulling your credit to closing day. No pressure, no jargon, just clear answers.
Start Your FHA Pre-Approval Today
