Government-Backed Financing
FHA Loans: Low Down Payment, Easy Qualification
An FHA loan is insured by the Federal Housing Administration, making homeownership accessible with down payments as low as 3.5% and flexible credit guidelines.
Key Benefits of FHA Loans
- 3.5% Down Payment: Perfect for first-time buyers and those with limited savings.
- Flexible Credit Requirements: Qualification starting with credit scores as low as 580.
- Gift Funds Allowed: 100% of your down payment can come from family gifts or grants.
- Competitive Interest Rates: Often lower interest rates than conventional loans.
Who Qualifies for an FHA Loan?
FHA loans are ideal for primary residences including single-family homes, 2-4 unit multi-family properties, approved condos, and townhomes.