FHA

FHA Loans

Who is this loan product for? FHA (Federal Housing Administration) loans are designed for first-time buyers or those with less-than-perfect credit who want an affordable path to homeownership. With low down payment options and more flexible credit requirements, FHA loans make it easier for many buyers to qualify while still securing competitive rates.

• Minimum FICO: 580
• Down Payment Minimum: 3.5%
• Max Loan-To-Value: 96.5%
  
• Max Loan Amount: $524,225 (Washington County, Tennessee – varies by county)
  
• Fixed & Adjustable Mortgage Rate Options Available
  
• Loan Term Options: 10–30 Year
  
• Upfront & Annual Mortgage Insurance Required 
• Upfront Mortgage Insurance- 1.75% of loan amount which is financed

< 10% Down Payment- PMI applicable for life of loan

>10% Down Payment- PMI to cancel at end of year 11.

Gift Funds Allowed for down payment and closing costs

As independent mortgage brokers, we help you navigate FHA guidelines, compare lender offers, and explore down payment assistance options so you get the most out of this flexible program.

👉 Ready to see if an FHA loan is right for you? Contact us today for a free pre-approval.