FHA Loan Requirements for 2026
580 Credit Score -and- 3.5% Down Payment
The FHA loan program lets you purchase a home with a low down payment and flexible guidelines. FHA refinance mortgages are a great option for those who want to lower their monthly mortgage payment or consolidate their bills.
See how we make the American dream a reality. Whether you're a first-time homebuyer moving to a new home, or want to refinance your existing conventional loan to an FHA mortgage, there's an FHA program suited to your needs. With no income limits or credit scoring, many people who can afford the monthly mortgage payments and have reasonable credit will qualify for an FHA mortgage.
FHA Loan Articles
May 14, 2025When you buy a home with an FHA mortgage, you must pay for both mortgage insurance and insurance to protect your property while paying on the loan. There are important nuances to these insurance policies to know before you start. What's the difference between insurance against water damage and flood insurance?
May 13, 2025Buying a home with an FHA mortgage means you'll need to know the FHA guidelines about the types of properties you can purchase with an FHA single-family home loan for residential purposes. How well do you understand these rules? Are you truly ready to start house hunting? We examine some key aspects of the process.
May 12, 2025FHA single-family home loans require a minimum 3.5% down payment for typical transactions. Saving for this requires planning and dedication, but it’s not impossible to save enough to make the down payment. Your financial needs and goals will play a big role in how much you decide to set aside for your new home.
April 30, 2025In a previous post, we discussed why FHA borrowers should carefully consider whether paying for discount points truly serves their best interests. Discount points are an option for borrowers willing to pay a fee to lower the interest rate by a set amount. This is not right for all borrowers, and you don't want to pay for points you won't benefit from during the loan term.
April 29, 2025The idea behind discount points is a straightforward exchange: you spend money today to reduce your interest rate. The savings might pale compared to the total loan cost, including the mandatory mortgage insurance. It depends on your long-term plans. Prioritizing cash flow and minimizing immediate outlays often makes more sense.
