FHA
Flexible credit and 3.5% down, purchase and streamline refinance
Government-insured loans with flexible credit and debt-to-income guidelines. A strong option for first-time buyers and borrowers rebuilding credit.
- Min. down
- 3.5%
- Upfront MIP
- 1.75%
- Annual MIP
- 0.15–0.75%
- Seller credit
- Up to 6%
Best for
- Credit scores 580–679
- Higher debt-to-income ratios
- First-time buyers
- FHA Streamline refinances
Mortgage insurance
1.75% upfront premium (usually financed) plus annual MIP. With less than 10% down, MIP lasts the life of the loan; with 10% or more, it ends after 11 years.
Streamline refinance
Refinance an existing FHA loan with reduced documentation and no appraisal in many cases, when it produces a net tangible benefit.
Loan limits
FHA limits vary by county and are updated every January.
Run your numbers
*Program summaries are general information. Guidelines, loan limits and pricing change; eligibility is determined during underwriting.