Programs

FHA Full Doc 30 Year Mortgage

FHA is the agency route when you want to buy or refinance a home you’ll live in—lower cash-to-close than many conventional paths, with underwriting that follows published FHA rules instead of guessing.

Quick highlights

Snapshot of limits and requirements. Figures match program guidelines-your officer confirms overlays.

Loan amount
Capped by FHA county limits
LTV (purchase)
Up to 96.5% on purchase
LTV (cash-out)
Cash-out LTV up to 85%
Credit score
580 minimum
Occupancy
Primary residence only

Program guidelines

Loan purpose

Purchase
Rate/term refinance
Cash-out refinance

Loan term

30-year fixed-rate amortization
15-year fixed-rate amortization

Loan amount

Cannot exceed FHA county loan limits for the subject property

Loan to value (LTV)

Purchase transactions: LTV may reach 96.5%
Cash-out refinance: LTV may reach 85%

Minimum credit score

Property type

Owner-occupied primary residences only

Eligible property types

1–4 unit dwellings
Condominiums on the FHA/HUD approved list

Eligible borrowers

U.S. citizens and permanent resident aliens
Non-permanent resident aliens

Key features & detail

Three FHA realities every borrower should budget for—none of which change the underlying agency math.

Lower upfront equity requirement: down payment can be as low as 3.5%.
Guidelines emphasize flexibility relative to many conventional programs—still fully documented (full doc).
FHA mortgage insurance is mandatory for loans that require it under agency rules.

Need help choosing the right program?

Speak with our team for guidance tailored to your financing scenario.