Loan Program
FHA Loan
FHA financing is backed by the Federal Housing Administration and exists to open the door for buyers who do not fit the conventional box: thinner credit files, past setbacks, or limited savings.
Key highlights
- Down payment as low as 3.5%
- More forgiving credit guidelines than conventional loans
- Gift funds from family are allowed for the down payment
- Assumable in many cases, which can be valuable in a higher-rate market
Why FHA changes the math for first-time buyers
The lower down payment and flexible underwriting mean many buyers qualify years earlier than they expected. If you have been renting while trying to save 20%, an FHA scenario is worth running before you wait another year.
The trade-off to understand
FHA loans carry mortgage insurance premiums that, in most cases, remain for the life of the loan. That is why we compare FHA and conventional side by side and refinance later when your equity and credit support it.
Frequently asked questions
Is an FHA loan only for first-time buyers?
No. FHA is popular with first-time buyers, but it is available to any qualified buyer purchasing a primary residence.
Can I use FHA after a past financial hardship?
Often yes, after a waiting period that depends on the event. We review your specific timeline in the free consultation.
Your Next Step
Your home is one conversation away.
Call, text, or send your details. Samia personally reviews every situation and guides you through each step of the process.
(561) 827-4700