FHA Loan
Government-backed, low down payment, accessible
FHA loans are insured by the Federal Housing Administration and designed for borrowers with lower credit scores or limited down payments. A popular choice for first-time homebuyers.
Key Advantages
Why Choose a FHA?
Here's what sets this loan product apart and who it works best for.
3.5% Down Payment
One of the lowest minimum down payments available — just 3.5% for borrowers with 580+ credit.
More Flexible Credit
FHA guidelines allow credit scores as low as 580 (or 500 with 10% down) — lower than conventional loans.
Higher DTI Allowed
FHA lenders may accept debt-to-income ratios up to 57% with compensating factors.
Gift Funds Accepted
Your entire down payment can come from gift funds from family or approved sources.
Calculator
Purchase Calculator
Estimate your monthly payment for a home purchase.
Loan Term
Calculator results are estimates only and do not constitute a loan offer, pre-approval, or commitment to lend. Actual terms may vary.
Eligibility
Qualification Requirements
General guidelines for FHA Loan eligibility. Requirements vary by lender and scenario.
| Requirement | Guideline |
|---|---|
| Minimum Credit Score | 580 (3.5% down) / 500 (10% down) |
| Minimum Down Payment | 3.5% |
| MIP Required | Upfront (1.75%) + Annual MIP for life of loan |
| Property Type | Primary Residence only |
| Debt-to-Income | Up to 57% with compensating factors |
These are general guidelines only. Specific program requirements may vary. Contact us for a personalized review of your scenario.
FAQ
Frequently Asked Questions
Common questions about FHA Loan loans.
Get Started Today
Ready to explore FHA Loan?
Answer a few quick questions and get a personalized strategy recommendation — including whether FHA is right for your situation.
FHA-approved lender. Not affiliated with or acting on behalf of HUD/FHA.
West Capital Lending, Inc. is an Equal Housing Lender. We do not discriminate on the basis of race, color, religion, national origin, sex, handicap, or familial status.
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