FHA loans: 3.5% down, flexible credit
Government-insured loans built for buyers who are rebuilding credit or have a smaller down payment.
- 3.5% down with a 580+ credit score
- Gift funds and seller help allowed
- Higher debt-to-income ratios considered
Real numbers. Straight answers. No pressure.
Tell us a little about your goals. Nelson will reach out the same business day with options from dozens of wholesale lenders.
See if you qualify: free, no commitment.
No pressure. Nelson will give you a straight answer about whether this works for your situation.
Who FHA is built for
FHA loans are insured by the Federal Housing Administration, which lets lenders approve buyers with lower credit scores or higher debt loads than conventional guidelines allow.
The trade-off is mortgage insurance (MIP), which usually lasts the life of the loan when you put less than 10% down. Many buyers refinance into conventional later once their credit and equity improve.
This is a good fit if you…
- Have a credit score between 580 and 680
- Have a recent credit event in your past
- Carry student loans or other debt
- Have family helping with the down payment
FHA advantages
Credit flexibility
Approvals with scores and histories conventional loans won't accept.
Gift-friendly
Down payment can come entirely from family gifts.
FHA Streamline later
Lower your rate later with a simplified refinance. Learn more →
Buyers keep coming back
Nelson and Danna did an outstanding job processing everything for my VA loan. They were very quick and responsive, and everything went much quicker than I expected. I was very happy with the rate and fees they were able to get for me.
This is the 2nd time we have worked with them to buy a house… They helped us to ensure that we configured our mortgage the best way possible for our needs. They were in constant contact with us to make adjustments to get us the best deal possible.
I could not have been happier with my experience! Nelson and Danna went way above and beyond… you will get an incredible attention to detail, but most of all you will feel like you're talking to your friends.
Questions we hear often
What credit score do I need for FHA?
Typically 580 for 3.5% down. Some lenders go lower with 10% down.
Is there a max FHA loan amount in Utah?
Yes. FHA limits are set by county and change each year. We'll confirm the current limit for your area.
Can I remove FHA mortgage insurance?
With 10%+ down it ends after 11 years. Otherwise, most buyers refinance to conventional to remove it.
Related options
Ready to see what you qualify for?
Talk with Nelson for 15 minutes. You'll leave with real numbers and a clear plan.