FHA Loan
All you need is a 3.5% downpayment, and this loan makes it easier to accomplish your homeownership goal.
If this option is ideal for you
FHA Mortgage Checklist
Credit Score
A Credit score of 580 minimum required. Also 57% of your income that pays your debt.
3% Down Payment
You will be required to put down at least 3% downpayment.
Closing Cost Funds
You need enough funds to cover the closing costs in addition to down payment.
Mortgage Insurance Premium (MIP)
You pay an upfront MIP payment of 1.75% of the loan amount and also a monthly MIP.
*To get your personal loan requirements, please contact us.
FHA Loan Benefits
Easy Credit Qualification
The loan accepts a low credit score to qualify.
Low Down Payment
You can put a 3% down payment minimum.
Borrowing Options
Choose between 15-year term or 30-year term or refinance your mortgage.
Competitive Interest Rates
FHA may offer competitive interest rates, especially for lower credit scores.
Mortgage Calculators
Amortization Calculator This calculator estimates your monthly payment amount each month for the length of the loan.
DSCR Calculator This calculator helps you determine your Debt Service Coverage Ratio.
Mortgage Qualification Calculator This calculator helps you determine how much you can borrow based on your income, debts, and other financial information.
Ready to take the next step?
If you are ready, start your mortgage application now