FHA Home Loans

Buy your first home with as little as 3.5% down.

FHA loans are government-backed mortgages designed to make homeownership accessible — with lower down payments and more forgiving credit requirements than many conventional loans.

See if you qualify Estimate payments

FHA at a glance

Sample APR6.12% APR*
Down payment from3.5%
Min. credit score†580
Gift funds allowedYes
Get pre-approved
3.5%Minimum down payment for qualified buyers
580+Credit scores considered†
100%Of down payment can come from gift funds
A couple at the front door of their first home
Why FHA

Built for first-time and returning buyers

If saving a large down payment or a perfect credit score has held you back, an FHA loan may open the door sooner than you think.

  • Low down payment. As little as 3.5% down for qualified buyers.
  • Flexible credit. Scores starting at 580 may qualify; lower scores considered with more down.
  • Gift-friendly. Your full down payment can come from a family gift.
  • Assumable. A future buyer may take over your FHA loan — a real perk if rates rise.
Eligibility

What you'll generally need

Final approval depends on a full application, but here's the typical FHA picture.

Credit & income

A 580+ score for 3.5% down, steady income, and a manageable debt-to-income ratio.

Primary residence

FHA loans are for homes you live in — single-family, approved condos, and some multi-unit properties.

Mortgage insurance

FHA loans include upfront and annual mortgage insurance premiums (MIP) that protect the lender.

Estimate

Estimate your FHA payment

A quick look at principal & interest. MIP, taxes, and insurance are additional.

$

Excludes MIP, taxes, and homeowners insurance. Not a commitment to lend.

Estimated monthly (P&I)
$1,944
Loan amount$320,000
Total interest$379,930
Total of payments$699,930
Get your real rate
FHA questions

Good to know

No. While FHA loans are popular with first-time buyers, they're available to repeat buyers too, as long as the home will be your primary residence and you meet the program's requirements.
FHA loans require an upfront MIP (often financed into the loan) plus an annual MIP paid monthly. It protects the lender and is what allows FHA's low down payments. Depending on your down payment and term, MIP may last the life of the loan or can be removed by later refinancing into a conventional loan.
Yes — 100% of your down payment and closing costs can come from an eligible gift, typically from a family member, with a simple gift letter. We'll walk you through the documentation.
Get started

Let's see if FHA is right for you

Talk to a loan officer who specializes in first-time and FHA buyers. Free pre-approval, no obligation.

Call (213) 964-3358Start online