Loan programs
Government-insured financing for buyers with thin credit, higher debt, or little saved.
FHA is insured by the Federal Housing Administration, which is why a lender can accept a 580 score and 3.5% down without pricing the risk into the rate.
The trade-off is mortgage insurance that, on most FHA loans today, lasts the life of the loan. It is the right tool for getting in the door, and refinancing out of it later is a normal part of the plan.
How it works
FHA limits vary widely; we look yours up first.
More forgiving on credit events than any agency programme.
Once you hold 20% equity, we look at refinancing to drop the insurance.
Questions
Two years after a Chapter 7 discharge, three after a foreclosure — sooner with documented extenuating circumstances.
Not on most current FHA loans. You remove it by refinancing into a conventional loan once you have the equity.
Guidelines shown are typical for this programme and are not a commitment to lend. Overlays vary by investor and change without notice; your file is priced and approved on its own facts.
Three minutes of questions and you'll see whether this programme fits — no credit pull.
