Homeownership with as little as 3.5% down.
FHA loans are one of the most popular options for buyers who want a lower down payment and more flexible credit requirements — especially first-time buyers.
See If FHA Fits YouFHA loan benefits
Low Down Payment
Minimum 3.5% down with qualifying credit.
Flexible Credit
More lenient credit guidelines than most conventional programs.
First-Time Friendly
Popular with first-time buyers across Texas and Louisiana.
FHA vs. other programs
- vs. Conventional: FHA accepts lower credit scores and smaller down payments, but mortgage insurance typically lasts longer.
- vs. VA: FHA is open to all buyers (not just veterans) but requires a down payment and has ongoing MIP.
- vs. USDA: FHA has no geographic or income limits, but requires at least 3.5% down.
A common strategy
Many buyers use FHA to purchase now and refinance into a conventional loan later once they have 20% equity — removing mortgage insurance and potentially securing a lower rate. I help you plan for both steps.
FHA loan FAQ
What is an FHA loan?
An FHA loan is a government-insured mortgage backed by the Federal Housing Administration. FHA loans are designed to make homeownership more accessible with lower down payments and more flexible credit guidelines than many conventional programs.
How much down payment is required?
FHA loans require a minimum down payment of 3.5% with a credit score of 580 or higher. Borrowers with credit scores between 500–579 may qualify with 10% down, depending on lender guidelines.
What is FHA mortgage insurance?
FHA loans require an upfront mortgage insurance premium (UFMIP) and an annual mortgage insurance premium (MIP) paid monthly. Unlike conventional PMI, FHA MIP typically lasts for the life of the loan unless you refinance into a conventional loan later.
Who is FHA best for?
FHA is a strong option for first-time buyers, buyers with lower credit scores, buyers with limited down payment savings, and buyers who may not qualify for conventional financing today but want a path to homeownership.
Can FHA be used on any property?
FHA loans are for primary residences only. The property must meet FHA minimum property standards and pass an FHA appraisal. Investment properties and vacation homes do not qualify.
Wondering if FHA is right for you?
I'll compare FHA against conventional and other programs for your specific situation.