FHA Home Loans

Get a quick quote on an FHA Home Loan & learn if you qualify.

FHA Loan Program Description

FHA loans are insured by the Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD).

FHA loans are designed to help first-time homebuyers and those with lower credit scores and smaller down payments to qualify for a mortgage. The FHA guarantees a portion of the loan, which allows lenders to offer more favorable terms and interest rates to borrowers who might not otherwise qualify for conventional loans.

FHA loans have several benefits, including lower down payment requirements (as low as 3.5% of the purchase price), flexible credit score requirements, and more lenient debt-to-income ratio requirements.


  1. High Interest Rates – FHA loans typically have competitive interest rates compared to other loan programs, and they may even be lower than conventional loans in some cases.

  2. Must Be A First Time Home Buyer – FHA loans are intended for first-time home buyers, but you do not need to be a first-time home buyer to utilize an FHA loan. The “first time use” requirement to obtain an FHA loan is that you do not currently have an FHA loan.

  3. Take Longer to Close – While FHA loans do require certain inspections and appraisals, they do not necessarily take longer to close than other loan programs. In fact, FHA loans can sometimes close faster than other loan programs because of the FHA’s appraisal process.

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