FHA loans are designed to make home financing more accessible through lower down payment requirements and flexible credit guidelines. These government-insured mortgages are widely used by first-time buyers and borrowers rebuilding credit.
Low down payment • Flexible underwriting • Stable fixed rates
An FHA loan is a mortgage insured by the Federal Housing Administration, created to expand access to home financing. FHA programs allow qualified borrowers to purchase or refinance a primary residence with more flexible requirements than many conventional loans.
These loans are commonly used by:
FHA eligibility is based on a combination of credit profile, income stability, and overall repayment ability.
| Credit Score (FICO) | Minimum Down Payment |
|---|---|
| 580 and above | 3.5% |
| 500 - 579 | 10% |
| Below 500 | Not Eligible |
FICO is a credit scoring model used by lenders to evaluate credit risk based on payment history, credit usage, and account history.
Many borrowers combine the 3.5% FHA down payment with assistance programs to reduce upfront costs.
FHA loans require mortgage insurance to protect the lender.
Allows financing of both the purchase and renovation costs in one loan—ideal for properties needing repairs or upgrades.
Available to homeowners aged 62+, allowing access to home equity without monthly mortgage payments.
Refinance an existing FHA loan with reduced documentation, often without an appraisal, to lower the interest rate.
Access up to 80% of your home’s value to consolidate debt, fund renovations, or cover major expenses.
Loans by Kelly provides FHA mortgage guidance from pre-approval through closing, including access to Down Payment Assistance options and credit strategy support.
Licensed in multiple states, with service available in English, Portuguese, and Spanish.
3 Simple Steps to Get Pre-Approved with Confidence
We begin with a quick conversation to understand your goals, review your financial situation, and identify the best loan options for you.
We match you with the right loan option, whether you’re a first-time homebuyer, investor, self-employed borrower, or using alternative documentation.
Submit your application and receive a fast, no-obligation pre-approval, so you can move forward with confidence.
