A low down payment FHA loan could open the door to your new home! Insured by the Federal Housing Administration, FHA loans were originally designed to serve first-time buyers and those with less-than-perfect credit. Today, FHA loans are available to borrowers of all kinds—even homeowners looking to refinance.
- Minimum 3.5% down payment with 580 or greater credit score
- Minimum 10% down payment with 550 – 579 credit score
- Can be easier to qualify for than Conventional loans