top of page
FHA
A Federal Housing Administration (FHA) loan is a mortgage that is insured by the Federal Housing Administration. FHA loans are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans.
Minimum credit score required: 580
580 credit score requires a minimum down payment of 3.5%
500-579 credit requires a minimum down payment of 10%
bottom of page