What it is
FHA loans, insured by the Federal Housing Administration, make homeownership accessible with down payments as low as 3.5% and more flexible credit requirements than conventional loans.
Who may qualify
- First-time and repeat homebuyers
- Credit score of 580+ for 3.5% down
- Stable employment history
How to apply
- 1Find an FHA-approved lender
- 2Get pre-approved before house hunting
- 3Complete the loan application with documentation