An FHA loan is a mortgage insured by the Federal Housing Administration, a part of HUD. The insurance is what lets lenders accept credit histories and down payments a conventional loan would turn away, which is why so many first homes start here.
FHA underwriting looks at the whole file, not just the score, and allows for credit that is still being rebuilt.
A smaller down payment
The minimum is set by HUD and depends on your credit. We show you your number before you make an offer.
Gift funds allowed
Down payment money can come from a family member, with the right paperwork behind it.
Mortgage insurance explained
FHA loans carry mortgage insurance. We walk through what it costs you and when it can come off.
Step by step
How it runs, start to close
1
We talk it through
Your income, your savings, what you want to spend. Fifteen minutes on the phone settles most of it.
2
You get pre-approved
Documents in, credit reviewed, and a pre-approval letter you can hand to your realtor.
3
Appraisal and underwriting
FHA appraisals check the home's condition as well as its value. We tell you what they look for.
4
You close
Final approval, closing disclosure reviewed with you line by line, keys.
Is it the right fit?
The fifteen-minute call that settles it
A mortgage insured by the Federal Housing Administration, with credit and down payment guidelines built for people buying their first home.
Whether it is the right program depends on your credit, your savings and the
property. We run it against the alternatives with your real numbers, and if another
program suits you better, we say so.
No. FHA loans are open to repeat buyers too, as long as the home will be your primary residence.
Can an FHA loan be used for a condo?
Yes, if the condominium project is approved for FHA financing. We check the project's status before you commit to it.
What credit score do I need?
It depends on the down payment and the lender placing the loan. Tell us where you stand and we will give you a straight answer rather than a range.
Can family help with the down payment?
Yes. Gift funds are allowed on FHA loans with a gift letter and a paper trail showing where the money came from.
How long does FHA mortgage insurance last?
It depends on your down payment and loan term. We lay out both the monthly and upfront pieces before you apply so there are no surprises.
Is an FHA appraisal different?
Yes. On top of value, an FHA appraiser notes health and safety items, such as peeling paint on older homes or a missing handrail, that may need fixing before closing.
Purchase · Refinance · Pre-approval
Know what you can borrow before you fall for a house
Start the secure application online, or call the office and talk it through first. Either way you get a real answer, not a range.
