LOAN PROGRAM
FHA Loans
Flexible credit guidelines and low down payments the gateway to homeownership.
FHA loans, insured by the Federal Housing Administration, are designed to make homeownership accessible. With as little as 3.5% down and credit scores starting at 580, they’re an excellent option for first-time buyers and anyone rebuilding credit.
HIGHLIGHT
3.5% Down Payment
Just 3.5% down with a 580 FICO. Some scenarios allow as low as 500 with 10% down.
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Gift Funds Allowed
100% of the down payment can come from a documented family gift.
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Flexible Credit
More forgiving on past credit issues than conventional financing.
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Assumable
Future buyers can assume your FHA loan a powerful resale advantage in rising-rate markets.
FHA Mortgage Insurance
CFHA loans require both an upfront mortgage insurance premium (1.75% of the loan amount, financed) and an annual MIP. With 10%+ down, MIP drops off after 11 years; with less, it remains for the life of the loan. Many borrowers refinance into a conventional loan once they hit 20% equity.
Property Requirements
FHA properties must meet minimum safety and livability standards. The appraisal includes a basic condition review. For most move-in-ready homes, this is a non-issue, but Dana will flag any concerns early.
Loan Limits
FHA loan limits vary by county typically $524,225 in standard areas and up to $1,209,750 in high-cost counties for a single-family home.
BEST FOR
- First-time homebuyers
- Credit scores 580+
- Borrowers using gift funds
- Buyers needing flexible debt-to-income ratios
Other Programs
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Ready to start your mortgage journey?
One conversation. Real numbers. Honest advice directly from Dana.
