FHA Loan Benefits
Low Credit Score Requirements
You can get an FHA loan with a credit score of just 580 or higher.
Low Down Payment
With an FHA loan, you can put as little as 3.5% down.
Flexible Debt-To-Income Requirements
FHA loans come with less stringent debt-to-income (DTI) requirements than some other loans.
Flexible Borrowing Options
You can choose between a 15-year and 30-year term – with either a fixed or variable interest rate.
Shorter Waiting Periods
You may qualify for an FHA loan sooner after a major event such as a foreclosure, bankruptcy or missed payment.
