FHA Loans

FHA loans, insured by the Federal Housing Administration since 1934, are designed to make homeownership more accessible through lower down payment options and more flexible credit requirements than many conventional loans. Borrowers can take advantage of down payments as low as 3.5 percent, the ability to use gift funds or approved assistance programs, and the option to include co-signers. FHA loans also allow sellers to contribute toward closing costs and require both upfront and annual mortgage insurance. Available exclusively for primary residences and supported by automated underwriting, FHA loans offer an attractive pathway to homeownership, with loan limits varying by state and county.