Enter Loan Criteria
Once you submit your loan criteria, our loan intelligence system scans through lenders to find the best offers that match your needs.
Gather Lender Quotes
Lenders are matched with the deals they can fund, receiving all the necessary details to make a fast, informed decision.
Close Deals Confidently
We compare quotes to find the best match, ensuring the most competitive loan terms for a fast, seamless closing.
FHA loans are perfect for homebuyers who need flexible qualification requirements.
An FHA loan is a government-insured mortgage designed to help homebuyers with low credit scores and limited savings qualify for financing.
Low Down Payment – Just 3.5% down with a 580+ credit score
Mortgage Insurance Required – Upfront and monthly Mortgage Insurance Premium (MIP)
Flexible Debt-to-Income Ratio – Allows higher DTI than conventional loans
For Primary Residences Only – Cannot be used for second homes or investments (with some exceptions).
Offered in Fixed and Adjustable-Rate Options – Choose what fits your budget
Designed for First-Time Buyers & Flexible Borrowers
FHA loans are ideal for homebuyers who need easier qualification requirements or have limited funds for a down payment.
First-time homebuyers who need a low down payment option
Borrowers with lower credit scores (as low as 500 with 10% down)
Anyone with limited savings who wants seller-paid closing costs (up to 6% allowed)
Self-employed or variable income earners needing flexible DTI limits
Buyers looking to purchase & renovate using an FHA 203(k) rehab loan
A More Affordable & Accessible Path to Homeownership
FHA loans help homebuyers overcome financial barriers to qualify for a mortgage.
Easier Qualification – Less strict credit & income requirements
Lower Down Payment – Just 3.5% down compared to 5-20% for conventional loans
Competitive Interest Rates – Government backing helps keep rates lower
Seller Assistance – Sellers can pay up to 6% of closing costs
Multi-Family Flexibility – Buy a 2-4 unit property & live in one while renting the others
What Is an FHA Loan?
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration (FHA). Designed for first-time buyers and those with lower down payments, FHA loans offer flexible qualifying guidelines and low upfront costs.
What Are the Benefits of a Conventional Loan?
Low 3.5% down payment with flexible funding sources
Easier qualification with more lenient credit & income guidelines
Competitive interest rates backed by the FHA
Allows gift funds for down payment & closing costs
Available for single-family homes, condos, and 2-4 unit properties
Who Qualifies for an FHA Loan?
To qualify for an FHA loan, borrowers typically need:
Steady income & employment history
A low down payment (as little as 3.5%)
Debt-to-income (DTI) ratio within FHA limits
Property that meets FHA safety & livability standards
How Does an FHA Loan Work for a Purchase?
The home-buying process Step-by-Step for FHA Loan:
Pre-Approval – Get an estimate of how much you can borrow
Home Search & Offer – Find an FHA-eligible property and make an offer
Loan Processing & Underwriting – Lender verifies income, credit, and assets
Appraisal & FHA Property Inspection – Ensures the home meets FHA standards
Loan Approval & Closing – Sign final documents and receive your keys
What Are My FHA Refinance Options?
There are three main types of FHA refinance programs:
FHA Rate & Term Refinance – Lower your interest rate or change your loan term without taking cash out.
FHA Cash-Out Refinance – Tap into your home’s equity for renovations, debt consolidation, or investments.
FHA Streamline Refinance – A simplified refinance option with reduced paperwork, no appraisal required, and lower costs (available only for existing FHA borrowers).
What Is an FHA Streamline Refinance?
The FHA Streamline Refinance program allows current FHA borrowers to refinance with:
No home appraisal required
Minimal income documentation
Faster loan approval process
Potentially lower mortgage insurance costs
Note: You must be current on your FHA mortgage payments and benefit from the refinance to qualify.
How Do FHA Interest Rates Work?
Floating Interest Rate – Your rate fluctuates with the market until locked.
Rate Lock – Protects your rate for a set period, typically 30-60 days.
Factors That Affect Your FHA Loan Rate:
• Loan amount & down payment
• Loan term (15, 20, or 30 years)
• Market conditions & Federal Reserve rate movements
What Are the Credit & Property Requirements for FHA Loans?
FHA loans have more lenient credit guidelines compared to conventional loans.
A property appraisal is required to ensure it meets FHA safety & condition standards.
If refinancing, an appraisal may be waived for FHA Streamline Refinances.
How Does Title & Vesting Work for FHA Loans?
Personal Ownership – FHA loans are generally not available for properties vested in an LLC or trust.
FHA Occupancy Rules – The borrower must occupy the home as their primary residence.
Title Insurance – Protects against legal claims on ownership.
What Insurance & Inspections Are Required for FHA Loans?
Homeowners Insurance – Required to cover potential property damage.
Mortgage Insurance Premium (MIP) – FHA loans require upfront and annual mortgage insurance, regardless of down payment size.
Flood Insurance – Mandatory if the property is in a FEMA-designated flood zone.
FHA Appraisal & Inspection – The home must meet FHA safety, structural, and livability standards.
4-Point & Wind Mitigation Inspections – Required in certain states for older homes to assess roof, plumbing, electrical, and HVAC systems.