As Little as 3.5% Down
Qualify with a down payment as low as 3.5% with a credit score of 580 or higher.
One of the most widely used loans in the country. FHA loans open the door to homeownership with low down payments and forgiving credit requirements — a great fit for first-time buyers and anyone rebuilding credit.
An FHA loan is a mortgage insured by the Federal Housing Administration, part of the U.S. Department of Housing and Urban Development. Issued by private lenders but backed by the federal government, FHA loans have more flexible credit and income requirements than Conventional loans, making them a popular choice for first-time buyers and those with lower credit scores.
Along the Emerald Coast, it's how a lot of first-time buyers get into their first place — especially while they're still building credit or saving toward more down the road.
Qualify with a down payment as low as 3.5% with a credit score of 580 or higher.
Lower credit thresholds than Conventional loans — scores from 500–579 may qualify with 10% down.
FHA guidelines allow a higher debt-to-income ratio, so more of your income can go toward your home.
Use an FHA loan to purchase, build, repair, renovate, or refinance a home.
Three simple steps from “just looking” to keys in hand.
You'll generally need a credit score of 580 or higher (or 500–579 with 10% down), at least 3.5% down, and steady, documentable income.
Pre-qualification gives you a price range and shows sellers you're a serious, ready buyer.
Have your ID, income (W-2s or pay stubs), and credit and debt details ready for your application.
Let’s find out if an FHA Loan is the right fit for you. It takes just a few minutes — no obligation.