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
October 6, 2025Understanding how your FHA loan is paid off over time is a key part of managing your mortgage. The process, known as amortization, determines how much of your monthly payment goes toward the original loan balance versus the interest. The amortization ratio between the principal balance and interest changes over the life of the loan. You begin the home loan journey paying more toward interest but over time that shifts toward the principal balance.
September 23, 2025Understanding the credit requirements for an FHA loan is crucial for any potential homebuyer. While the program is known for its flexibility, specific benchmarks for credit scores, payment history, and major financial events must still be met. The FHA sets the minimum guidelines, but individual lenders often have their own, stricter rules.
September 22, 2025FHA borrowers, like all homeowners, want to build equity and reduce the total cost of their home loan over the full term of the mortgage. There are several strategies that can help borrowers achieve this goal. One is for the buyer to make a larger-than-required down payment at the time of purchase, reducing the principal balance of the loan. The other is to make extra payments against the loan principal over time.
September 18, 2025Home loan discount points are a type of prepaid interest you can agree to pay in order to lower the rate on your mortgage. Points are an optional fee that a borrower can pay to a lender at closing. In exchange for this fee, the lender agrees to lower the interest rate for the entire term of the loan.
September 16, 2025What do new borrowers need to know about the FHA Mortgage Insurance Premium (MIP)? For starters, it’s a mandatory insurance policy for most single-family residential real estate loans backed by the Federal Housing Administration. The purpose of FHA mortgage insurance is to protect the lender, not the borrower, from financial loss if the borrower defaults on the loan.
