While the funds still come from regular lenders like banks or credit unions, the FHA steps in to guarantee part of the loan. That extra layer of security means buyers who might not qualify for a traditional loan now have a real chance — and that’s what makes FHA loans so popular, especially with first-time buyers.
Is an FHA Loan Right for You?
If you’re just starting your homeownership journey, an FHA loan might be the simple, supportive option you’ve been looking for. It’s not just about getting approved — it’s about feeling good every step of the way. These loans are made for real people with real goals.
FHA Loans: The Perfect Launchpad for New Homeowners
Low Credit Score? No Problem!
Have a FICO score of 580 or higher? That’s great news!
FHA loans are designed for buyers who may not have perfect credit. It’s like getting VIP access to homeownership — even if your financial record has a few skips.
Here are some smart steps to get ahead:
Plan to stay in your new home for at least 5 years to maximize value.
Use a mortgage calculator and keep housing costs within 31–40% of your income.
Don’t forget extras: taxes, insurance, inspections, and any HOA dues.
Set aside 1.5–5% of your budget for closing costs and appraisal fees.
Gather documents early — including contracts, income verification, and bank records.
Get pre-approved to strengthen your offer and show sellers you’re serious.