FHA loans are a good option when you’re buying a home, refinancing an existing FHA loan, or need cash from your home’s equity. FHA loans have competitive interest rates, and flexible credit terms, and require a low minimum down payments. They are backed by the Federal Housing Administration (FHA)! You can be empowered on your homeownership journey with an FHA loan whether you’re buying or refinancing.

FHA  Highlights

You will discover that qualifying for an FHA mortgage is typically easier than qualifying for a conventional loan. Imagine purchasing a home with a low-down payment at a competitive rate—even if your credit scores are not perfect.

  1. 1
    You will need only 3.5% for the down payment 
  2. 2
    You will need only a credit score of 580
  3. 3
    You need to document that you have been steadily employed for two years at a minimum along one career track
  4. 4
     You can only use an FHA mortgage to finance the purchase of a primary residence (`1-4 Units)

FHA loan options

FHA Home


  • All qualified homebuyers are eligible
  • Competitive interest rates
  • Low minimum down payments
  • Minimum credit score often 550
  • Mortgage insurance premiums required

FHA Streamline Refinance

  • Competitive interest rates
  • Less paperwork and faster closings
  • Easy credit score qualification
  • Mortgage insurance premiums required
  • Only existing FHA loans are eligible

FHA Cash Out Refinance

    • All qualified homeowners are eligible
  • Maximum loan-to-value ratio often 80%
  • Minimum credit score often 550
  • Mortgage insurance premiums required
Call and Talk to a Loan Specialist