Backed by the Federal Housing Administration, FHA loans are designed to make buying a home more accessible — especially for first-time buyers or those rebuilding their credit. They allow lower down payments and more forgiving qualifying guidelines than many conventional loans.
Buyers who want a lower down payment, have a limited credit history, or are working with a credit score that doesn't yet qualify for a conventional loan.
FHA loans include mortgage insurance, which affects your monthly payment and overall cost. We'll walk you through what that looks like so there are no surprises.