Additional Information
FHA Loan Requirements in 2025
- Credit Score: 580+ for 3.5% down, 500–579 may qualify with 10% down.
- Down Payment: Minimum of 3.5%, which can come from savings, a gift, or an approved assistance program.
- Debt-to-Income Ratio: Generally 43% or less (exceptions apply).
- Steady Income: Usually a two-year employment history.
- Mortgage Insurance: Upfront Mortgage Insurance Premium (UFMIP) + Annual MIP required.
Who Can Get an FHA Loan?
- First-time homebuyers looking for an affordable entry into homeownership.
- Repeat buyers who meet FHA guidelines.
- Buyers with less-than-perfect credit or higher debt levels.
- Borrowers recovering from financial setbacks like bankruptcy or foreclosure.
Key Benefits of FHA Loans
- Low Down Payment – As little as 3.5% down for qualifying borrowers.
- Flexible Credit Requirements – Potential approval with scores as low as 580.
- Competitive Interest Rates – Often lower than conventional loan rates.
- Assumable Loans – If you sell, the buyer can take over your FHA loan (potentially at a lower rate).
Get Started with Your FHA Loan Today
If you’re ready to take the next step toward homeownership, let’s talk. I’ll help you understand your FHA loan eligibility, compare loan options, and guide you from application to closing.
