FHA loans
The flexible path for first-time and lower-down-payment buyers.
An FHA loan is a mortgage insured by the Federal Housing Administration. Because the government backs it, lenders can be more flexible on credit and down payment than they are with a conventional loan. It is the program most first-time buyers start with, and often the one that gets someone into a home a year or two sooner than they expected.
- 01First-time buyers who haven't saved a large down payment
- 02Buyers whose credit is still building
- 03Anyone who's been told they need 20 percent down and doesn't have it
Lower down payment
FHA is known for one of the lowest down-payment requirements available. We'll show you the exact number for your situation on the call.
Flexible credit
FHA is more forgiving on credit history than conventional financing, which makes it a common first step.
Mortgage insurance applies
FHA loans carry mortgage insurance, which is part of the monthly payment. We'll walk through what that means and when it can come off.
If your credit needs work before you qualify, I offer a free credit analysis to map out what to fix first.
FHA loans, answered.
- Is an FHA loan only for first-time buyers?
- No. FHA is popular with first-time buyers because of its flexibility, but it's open to repeat buyers too, as long as the home will be your primary residence.
- Do I need perfect credit for an FHA loan?
- No. FHA is one of the more forgiving programs on credit. If your score isn't there yet, I'll run a free credit analysis and show you what moves the needle.
- What's the catch with FHA?
- FHA loans include mortgage insurance, which adds to the monthly payment. For many buyers it's a fair trade for getting into a home sooner. We compare it against conventional so you can see the difference.
That's what the first call is for.
Tell me your situation and I'll tell you which programs actually fit. Ten to fifteen minutes, no paperwork.
This page is general information about loan programs, not a commitment to lend or an offer of credit. Program availability, terms, and qualification depend on your situation and are subject to underwriting approval. Tareq Maayta, NMLS #1443073. Loans through Finance USA Corporation, NMLS #135625. Equal Housing Opportunity.