Buy a home with a down payment as low as 3.5% of the purchase price if your credit score is 580 or higher. Even borrowers with scores between 500-579 may qualify with a 10% down payment.
Qualify more easily with FHA's flexible credit guidelines, making homeownership accessible even if you've had past credit challenges. Gift funds can also be used for the down payment.
Minimum 3.5% down available.
Accessible for scores as low as 500/580.
Protects lenders, enabling easier qualification.
Includes Upfront and Annual Mortgage Insurance Premium.