FHA Government

The next most popular loan category for home buying is an FHA government loan.

Most banks will have a 620 minimum credit score. This program best use is a low-down payment in combination with a 680 credit score. The borrower will enjoy a lower rate than conventional and lower monthly PMI when applicable. The overall guidelines are more flexible in all areas including credit, assets, and income requirements.

Federal Housing Administration allows for a minimum of a 580 credit score with 96.5 LTV and 500 credit score with 90% LTV. However, most banks will set their own overlaying minimum requirements. Using the pricing engine will allow you to know which banks will allow these lower credit score scenarios.

Loan Purposes:

  • Purchase
  • Refinance Rate/Term
  • Refinance Cash Out
  • Streamline Refinance

Occupancy Types:

  • Owner Occupied
  • Non-Owner Occupied (only on streamline refinances)

Property Types:

  • Single Family Home, PUD, and FHA Approved Condos
  • Duplex
  • Triplex
  • Fourplex

Please select one of the following:


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