FHA Home Loans
Achieve the dream of home ownership
Pay Less Upfront
Qualify for an FHA loan with a down payment as low as 3.5%.
Choose Your Terms
Select from a variety of FHA mortgage term options.
The FHAD has flexible credit and income requirements.
Qualify for an FHA home loan
Create an account in our online application platform. Here's what you'll need to apply for a Federal Housing Administration loan.
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Keep your home and your family safe
People often ask us
An FHA home loan is a special type of mortgage that's insured by the Federal Housing Administration, or FHA. It's designed to help borrowers purchase a home with a lower down payment or lower credit score than typically required.
First, only FHA-approved lenders can offer this type of loan. Next, if you get an FHA home loan, you'll be required to purchase FHA mortgage insurance. This means you'll pay an upfront cost of 1.75% of the loan amount, as well as monthly mortgage insurance premiums, or MIP. Depending on the terms of your loan, you may be making these payments for 11 years or for the life of the loan.
To qualify for an FHA home loan, you'll need a down payment of 3.5% and a credit score of 620 or higher. The FHA gives lenders specific guidelines to determine eligibility, and your lender can help you understand how they apply to you. For example, you'll need to show a steady employment history for the past 2 years to qualify for an FHA home loan.
No. Although FHA home loans are primarily used by first-time homebuyers, it's not a requirement of the program. In fact, you can qualify for this type of loan even if you've gone through a foreclosure, as long as you wait the required amount of time and can demonstrate good credit. The main thing to remember is that you can't purchase a vacation home or rental property with an FHA loan—rather, the house must be your primary residence.
Normal credit approval applies.
Not applicable in all states.
Monthly Mortgage Insurance Premiums (MIP) and Upfront Mortgage Insurance Premiums (UFMIP) apply. Maximum loan amounts vary by county.
Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.