Loan purpose
- Purchase a primary residence
- Refinance an eligible primary home
- Support qualified buyers seeking an accessible residential financing path
FHA Loan
Start With Less.Own More.
Accessible home financing for qualified buyers ready to move.
Home Buyers | Accessible Path | Primary Residence
Financing for qualified borrowers. Program terms are confirmed in the guidelines below.
Program snapshot
A quick orientation before the full guidelines—borrower fit, common uses, and the next step.
Borrower profile
Purchasers seeking approachable down-payment paths on owner-occupied homes.
Also suited to
Borrowers refinancing or moving with FHA-eligible occupancy and collateral.
Common use
Primary home purchase with limited upfront cash
Additional scenarios
Rate-and-term or cash-out refinance on FHA-backed collateral
Scenario fit
Renovation-friendly paths when paired with approved improvement structures
Next step
Speak with a loan specialist before preparing documentation—specific figures are confirmed in the guidelines below.
Program guidelines
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
- 580
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?
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No charge to submit a review. Fees are explained in plain language before you commit.