FHA Mortgages

Making homeownership accessible for decades

FHA loans are especially popular with first time, lower-income, and/or lower-credit home buyers, thanks to their flexibility and low rates.

FHA Mortgages

An FHA loan is a mortgage insured by the Federal Housing Administration. FHA insurance protects mortgage lenders, allowing them to offer loans with below-average interest rates, easier credit requirements, and low down payments (starting at just 3.5%). 


FHA loans are especially popular with first time, lower-income, and/or lower-credit home buyers, thanks to their flexibility and low rates.

But FHA financing isn’t limited to a certain type of buyer — anyone can apply.

Pros of FHA mortgages

  • Minimum 3.5% down payment

  • Relaxed credit score requirements

  • Low monthly mortgage insurance


Cons of FHA mortgages

  • PMI is not cancelable

  • Many condos are not approved

  • Owner-occupied only

  • Loan limits based on region


Who should get one? 

If you need a home loan but are worried about poor credit or having to make a large down payment, consider an FHA loan.