FHA Loans

FHA loans are government insured and enable lenders to offer favorable terms to clients whose situations do not quite meet or are not best served by a conventional loan. This program is intended to increase access to homeownership and is popular with first time homebuyers, though this is not a requirement. FHA loans typically are a good fit for clients with some combination of lower credit scores, lower down payment amounts, or higher DTIs.

While FHA loan underwriting guidelines and qualification criteria are less restrictive in some areas, such as credit and DTI, in other areas they are more conservative, such as property condition and certain income calculations. We recommend that you consult with an expert loan officer to discuss which loan program is right for you.