FHA loans for Georgia and Florida buyers.
Government-backed loans with flexible credit guidelines and down payments as low as 3.5%. One of the friendliest paths to homeownership.
Key benefits
- Down payment as low as 3.5%
- Lower credit-score thresholds than most conventional loans
- Down payment and closing costs can come from gifts
- Assumable by a future qualified buyer
Who this loan fits
- First-time and repeat buyers with limited down payment savings
- Borrowers with credit scores from 580 and up (or 500 to 579 with 10% down)
- Buyers a few years past a bankruptcy or foreclosure
- Anyone who needs flexible debt-to-income guidelines
Built for real-world credit and budgets.
FHA loans are insured by the Federal Housing Administration, which lets lenders approve buyers who might not qualify for a conventional loan. They are especially popular with first-time buyers, but anyone can use them.
The headline features are a low 3.5% down payment for scores of 580 and above, and more forgiving guidelines around past credit bumps.
What you should know
FHA loans include two mortgage insurance premiums: an upfront premium that is usually financed into the loan, and an annual premium paid monthly. In exchange, the credit and down-payment requirements are easier to meet. When you build enough equity, refinancing into a conventional loan can remove that insurance. We will map out that path with you.
- FHA loan limits vary by county and are set each year by HUD
- We can often work with a score as low as 560 with a larger down payment
- Four years past a foreclosure or two years past a bankruptcy is often fine
FHA Loans FAQs
The standard minimum for 3.5% down is a 580 score. Some of our lenders go down to 560 with a 10% down payment, and FHA technically allows 500 to 579 with 10% down. Tell us where you stand and we will find the fit.
Often two years after a Chapter 7 bankruptcy discharge and roughly three years after a foreclosure, sometimes sooner with documented extenuating circumstances. We review these case by case.
On most FHA loans the annual premium stays for the life of the loan. The common strategy is to refinance into a conventional loan once you have around 20% equity. We will keep an eye on that timing for you.
Think FHA might be your path in?
Tell us where your credit and savings stand and we will give you a straight answer. We never pull your credit until you are ready.