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FHA Home Loans

A Smart Path to Homeownership in

FHA loans are government-backed mortgages that make homeownership more accessible—especially for first-time buyers or those with less-than-perfect credit. Backed by the Federal Housing Administration, these loans offer lower down payments, more flexible credit requirements, and options for renovation or refinancing.

Whether you're buying your first home, fixing up a property, or looking to refinance, there's an FHA program designed to help.

Explore FHA Loan Types:

Below is a quick breakdown of the most popular FHA loan programs. Click each one to learn more about how it works and whether it’s a fit for your situation:

That said, the higher your score, the better your terms—so it’s always worth taking a little time to clean up your credit if possible.

FHA 203(b) Loan – The Standard Purchase Loan

This is the most widely used FHA loan—and the one most people think of when they hear “FHA loan.” It allows buyers to purchase a single-family home with just 3.5% down (if credit score is 580 or higher). It’s especially helpful for first-time buyers in who may not qualify for conventional financing. The loan includes upfront and monthly mortgage insurance premiums, but offers more flexibility than most traditional mortgage options.

Learn more about the FHA 203(b) Loan » refinance into a conventional loan down the line—you may be able to eliminate it.

It might be easier to get pre-approved for a mortgage than you ever imagined. We believe in making it as easy as possible for everyone to purchase their own home. Click here now to get started, it only takes a few minutes online.

FHA 203(k) Loan – The Renovation Loan

This program combines the cost of purchasing a home and the cost of repairs or renovations into one single mortgage. It’s ideal if you’re eyeing a fixer-upper or want to buy a home in need of updates. There are two versions: the Limited 203(k) for smaller cosmetic upgrades and the Standard 203(k) for more extensive structural repairs.

See how the FHA 203(k) works »

FHA Streamline Refinance

Already have an FHA loan? This program allows you to refinance quickly with less paperwork and fewer qualifying hurdles. No home appraisal or income verification is needed in many cases, making it one of the easiest ways to lower your monthly payment or lock in a better interest rate.

Read about FHA Streamline Refinance »

FHA Reverse Mortgage (HECM)

Known as the Home Equity Conversion Mortgage (HECM), this loan is for homeowners aged 62 and older. It allows you to tap into your home’s equity and receive cash payments—without making monthly mortgage payments. The loan is repaid when the home is sold or the borrower no longer lives there. A powerful option for seniors looking to boost retirement income.

Learn about FHA Reverse Mortgages (HECM) »

FHA REO / HUD-Owned Home Financing

When homes are foreclosed and the previous loan was FHA-backed, they become HUD-owned properties. These homes are often sold at a discount and may qualify for special incentives or lower down payments. FHA loans can be used to purchase these properties—often with renovation options bundled in through the 203(k) program.

Discover FHA REO Purchase Options »