FHA Loans

Administered by: Federal Housing Administration (FHA), U.S. Department of Housing and Urban Development (HUD) · Federal · Government-Insured Mortgage

Funding status: Active

How much assistance

Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) (Government-Insured Mortgage)

Eligibility

  • First-time buyer required: No
  • Credit score minimum: 500
  • Geographic restrictions: Available nationwide; property must be primary residence
  • Homebuyer education required: No
Visit program website

Notes

FHA insures the loan; private lenders originate. 3.5% down with 580+ credit; 10% down with 500-579 credit. 1.75% upfront MIP + 0.55% annual MIP for most loans. MIP cannot be canceled on loans with less than 10% down (lasts life of loan); with 10%+ down, MIP drops after 11 years. Loan limits updated annually. Eligible: 1-4 unit homes, FHA-approved condos, manufactured homes on permanent foundations. 2-year wait after bankruptcy; 3-year after foreclosure. DTI generally up to 43%.

Available Statewide In