FHA Loan A lower barrier to your first home.

A government-insured loan with as little as 3.5% down.

FHA loans are mortgages backed by the U.S. Federal Housing Administration. The federal insurance lets approved lenders accept lower down payments and more flexible credit profiles than a conventional loan typically allows.

Built for buyers who don't have 20% down or whose credit history is still building. The trade-off is mortgage insurance — but it gets you into a home today.

Who FHA works for

FHA is designed for primary-residence buyers. If you're a first-time buyer, have a lower credit score, are stretched on down-payment savings, or have non-traditional credit history, FHA is often the most realistic path to ownership.

What you'll need to qualify

FHA requires the same essentials as a conventional loan — verified income, employment history, an appraisal, and a debt-to-income ratio that fits the program. The differences:

• Minimum 3.5% down with a credit score of 580 or higher.
• 10% down required if your score is between 500 and 579.
• Primary residence only — no second homes or investment properties.
• FHA mortgage insurance (MIP) is required for the life of the loan in most cases.

How it works

• Down payments as low as 3.5% (versus typical 5–20% on conventional).
• Fixed-rate terms of 30, 25, 20, or 15 years.
• 5/1 adjustable-rate option available.
• No prepayment penalties.
• Loan limits vary by county.

Have questions about FHA vs. conventional for your scenario? Reach out and we'll walk through both side-by-side.

WeFund Mortgage Corporation is not affiliated with or acting on behalf of FHA, VA, USDA, or the federal government.

Get started today!

Tell us a little about your situation and we'll send personalized loan options within one business day.