FHA Mortgage Loan

A Smart Option for First-Time Buyers

FHA loans are government-backed mortgages that make it easier for buyers with smaller down payments or less-than-perfect credit to purchase a home. They’re one of the most popular ways to get into your first house without the stress of saving 20% down.

What You Need to Know..

  • Backed by the Federal Housing Administration (FHA).

  • Designed to help buyers who may not qualify for conventional loans.

  • Requires a smaller down payment (as little as 3.5%).

  • More flexible credit score and debt-to-income requirements.

The Highlights..

  • Low down payment options starting at 3.5%.

  • Easier qualification standards for credit and income.

  • Available for primary residences only (not vacation or investment homes).

  • Fixed-rate and adjustable-rate options available.

FAQ – Quick Answers..

  • Is FHA only for first-time buyers?
    No — you don’t have to be a first-time buyer, but FHA is especially popular for those just starting out.

  • What about mortgage insurance?
    FHA loans require mortgage insurance (MIP), which is built into the monthly payment. This helps make the program possible.

  • Can I refinance an FHA loan later?
    Yes — many homeowners refinance into a conventional loan once they’ve built equity, often to remove the mortgage insurance.