FHA Loans

Low down payment and competitive rates

With an FHA-insured loan, you may find it easier to qualify and get a great interest rate

family entering their home
family entering their home

Is an FHA loan right for you?

Because the federal government insures FHA loans for lenders, they can offer advantages over other types of loans.

  • Great for first-time home buyers and people with less-than-perfect credit
  • A low 3.5% minimum down payment
  • A fixed interest rate, so your monthly mortgage payment stays the same
  • Purchase a home or refinance your existing loan

Mortgage calculators

How it works


Get preapproved

Find out how much you can borrow, and let sellers know you’re ready to buy.

Get Started


Choose your home

Make your wish list, choose a real estate agent, and find your dream home.

Make an offer

If your offer is accepted, you’ll need a home inspection and appraisal.

Close the sale

Once you sign the paperwork, you can get the keys and prepare to move in.

Mortgage FAQs

Because the FHA insures your mortgage, Their guidelines make it easier for you to qualify. This makes FHA loans a good option for people who don’t have perfect credit or haven’t built up much of a credit history.

An FHA loan must be used to finance your primary residence, so you can’t use it to finance an investment property that you rent out to someone else.

With an FHA loan, you need to put down a minimum of 3.5% of the purchase price. The money can come from a family member as a gift.

If you want to buy a home within the next few months, then it’s a good idea to get preapproved. Preapproval shows the seller that you’re serious about buying and you have the funds you need to make a purchase. If you’re searching for a home in a competitive market, preapproval makes your offer more attractive to sellers and gives you a critical advantage over other potential buyers.

While many lenders cancel their preapprovals after 90 days, there’s no expiration date on ours. If any of the documents in your credit approval file are out of date, we’ll offer you the opportunity to update them so that you can keep your preapproval in place.

Your credit score affects the interest rate you qualify for when you apply for a mortgage. With a higher credit score, you can usually qualify for a lower interest rate, which lowers your monthly payment and reduces the overall cost of your loan.

However, because the federal government insures FHA loans for lenders, you may still qualify for an FHA loan, even if you don’t have a great credit score.

If you’re not sure what your credit score is, you can request a free copy of your credit score every 12 months from https://www.freecreditreport.com/. If your credit score isn’t as high as you’d like it to be, here are some tips for improving your credit.

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Learn more about our team

Our mortgage experts are ready to help you one-on-one, every step of the way. We streamline the process to make it easier for you, and we’re always ready with advice and assistance.

Meet the Team

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