As low as 3.5%
FHA loans are insured by the Federal Housing Administration and can help borrowers purchase with a lower down payment and more flexible credit considerations than many conventional options.
Example only — not an offer, advertised rate, or commitment to lend
- Loan term
- 30-year fixed
- Down payment
- $14,000 (3.5%)
- Amount financed
- $386,000
- Principal and interest
- $2,504 / month
- Interest rate
- 6.750%
- Annual Percentage Rate (APR)
- 7.010%
- Mortgage insurance
- Not included (if required, additional)
- Estimated property taxes
- $333 / month
- Hazard insurance
- $125 / month
- Total monthly payment
- $2,962 / month (PITI)
Estimated payment includes principal, interest, taxes, and insurance (PITI). Mortgage insurance and HOA dues are not included. Actual payment may vary.
Key Features
Accessible Down Payment
Many qualified buyers can purchase with a lower cash requirement.
Flexible Credit Guidelines
Designed to support borrowers who may not fit conventional overlays.
Primary Residence Focus
Generally used for owner-occupied homes.
Benefits
Gift Funds Allowed
Down payment assistance from eligible sources may be available.
Streamline Refinance Options
Eligible FHA borrowers may refinance with reduced documentation in some cases.
Homes & Families
Real homes. Real families. Clear financing.
