An affordable path to your first front door.
FHA loans are government-insured mortgages designed to make homeownership more reachable — with down payments as low as 3.5% and more flexible credit guidelines for qualifying buyers. Your House of Mortgage advisor walks you through every step.
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration and issued by FHA-approved private lenders. Because the government insurance protects the lender against default, FHA programs can offer lower down payments and more relaxed credit and debt-to-income standards than conventional mortgages — which makes them a strong fit for first-time buyers, borrowers building credit, or anyone with limited savings for a down payment.
- Down payments as low as 3.5% for qualifying borrowers with credit scores of 580 or above
- Credit scores between 500–579 may qualify with a 10% down payment
- Upfront and annual mortgage insurance premiums required
- Available for primary residences that meet FHA minimum property standards
Why buyers choose an FHA loan.
Lower upfront costs
A smaller down payment gets you into a home sooner while preserving cash for moving, maintenance, and an emergency reserve.
Flexible credit evaluation
FHA guidelines consider factors like rental payment history and employment consistency alongside your credit score.
Room for repairs
FHA 203(k) rehabilitation options can let qualifying buyers finance certain repairs and upgrades into the loan.
Streamlined refinancing later
Existing FHA borrowers may access a simplified refinance with reduced paperwork down the road.
Types of FHA loans.
Standard FHA Purchase
The core program: buy a primary residence with a low down payment and flexible credit guidelines.
FHA 203(k) Rehabilitation
Finance the purchase and eligible repair or renovation costs together in a single loan.
FHA Streamline Refinance
A simplified refinance path for existing FHA borrowers, often with reduced documentation.
FHA Rate & Term Refinance
Refinance an existing loan into an FHA loan to change your rate or term.
Energy Efficient Mortgage (EEM)
Finance eligible energy-saving improvements as part of your FHA loan.
FHA Cash-Out Refinance
Access equity with an FHA-insured refinance, typically up to 80% loan-to-value.
Learn more →What it takes to qualify.
Credit score
Typically 580 or above for the 3.5% down payment option; scores of 500–579 may qualify with 10% down.
Down payment
As low as 3.5% for qualifying borrowers, depending on credit profile and program.
Debt-to-income (DTI)
Generally around 43% or lower, though FHA guidelines may allow more flexibility with strong compensating factors.
Income & employment
Stable, verifiable income — pay stubs, W-2s, and tax returns — with a consistent employment history.
Mortgage insurance (MIP)
An upfront premium plus an annual premium paid monthly. MIP generally cannot be canceled on newer FHA loans unless you refinance.
Property standards
The home must be your primary residence and meet FHA minimum property standards for safety and soundness.
How to apply for an FHA loan.
Check your options
Share a few basics about your income, credit range, and goals. Soft credit pull only to start.
Get pre-approved
Upload your documents through our secure portal so we can verify your details and issue a pre-approval letter.
Shop & make offers
House-hunt with a clear budget. Your advisor helps you understand FHA appraisal and property requirements.
Underwriting
We review your full file and order the FHA appraisal, keeping you posted in your dashboard.
Lock & close
Lock your rate, sign digitally, and close with your team handling the details.
FHA loan FAQs.
How do I qualify for an FHA home loan?
How many FHA loans can you have?
Can FHA mortgage insurance be removed?
Can you buy a foreclosed home with an FHA loan?
Is an FHA loan better than a conventional loan?
See if an FHA loan fits your plans.
No hard credit pull to check your options, and no pressure. Just clear numbers and a team that specializes in first-time buyers.
Important rate & fee disclosures
FHA down payment options as low as 3.5% are available to qualifying borrowers with credit scores of 580 or above; scores of 500–579 may qualify with a 10% down payment. FHA loans require an upfront mortgage insurance premium and annual mortgage insurance premiums paid monthly, which increase your payment. FHA loans are for primary residences that meet FHA minimum property standards.
Rates, APRs, and terms vary by credit profile, loan-to-value, property type, and program guidelines and are not guaranteed. Not a commitment to lend.
House of Mortgage is not affiliated with, endorsed by, sponsored by, or acting on behalf of the Federal Housing Administration, HUD, or any other government agency.