FHA Loans
FHA Loans – A Flexible Path to Homeownership
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FHA loans are a great option for buyers who want low down payment requirements and more flexible credit guidelines. Backed by the Federal Housing Administration, these loans are designed to make homeownership more accessible — especially for first-time buyers or borrowers with less-than-perfect credit. FHA loans can also work well for house hackers looking to live in one unit while renting out the others (up to a 4-unit property).
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Great fit for:
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First-time homebuyers
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Buyers with lower credit scores
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Borrowers with limited savings
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Investors house hacking 2–4 unit properties
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See if your property is eligible for FHA financing:
What is the minimum down payment for an FHA loan? As low as 3.5%, depending on credit and eligibility.
Are FHA loans only for first-time buyers? No. FHA loans are available to repeat buyers as well.
Can FHA loans be used for multi-unit properties? Yes. FHA loans allow 2–4 unit properties, as long as the borrower occupies one unit.
What credit score is required for FHA loans? FHA guidelines are flexible, with some lenders allowing down to 500 as long as additional requirements are met.
Do FHA loans require mortgage insurance? Yes. FHA loans include both upfront and monthly mortgage insurance premiums.