FHA loans are government-insured mortgage options that may be available to eligible borrowers purchasing or refinancing a primary residence. Credit, down-payment, property, documentation, lender, and underwriting requirements apply.
An FHA loan is a mortgage insured by the Federal Housing Administration (FHA) and originated by approved lenders. FHA loan eligibility, credit, down-payment, occupancy, property, mortgage insurance, documentation, and underwriting requirements vary based on borrower circumstances and applicable FHA and lender guidelines.
FHA loan eligibility is evaluated using multiple factors, which may include credit history, income and employment documentation, debt-to-income, available funds, payment history, property type, and occupancy. Requirements vary by borrower, lender, and applicable FHA guidelines.
FICO is a credit scoring model used by lenders to evaluate credit risk based on payment history, credit usage, and account history.
Eligible borrowers may be able to use approved Down Payment Assistance programs with FHA financing, subject to program eligibility and lender requirements.
FHA loans generally require mortgage insurance. Applicable upfront and annual mortgage insurance requirements, duration, debt-to-income evaluation, and other underwriting criteria vary based on the loan, borrower circumstances, applicable FHA requirements, and lender guidelines.
May provide financing for an eligible home purchase or refinance together with qualifying renovation costs, subject to applicable FHA, property, contractor, lender, and underwriting requirements.
Refinance an existing FHA loan with reduced documentation, often without an appraisal, to lower the interest rate.
Loans by Kelly helps homebuyers explore FHA loan options, including guidance on program requirements, documentation, and available Down Payment Assistance programs. Eligibility, program availability, and property requirements vary based on borrower circumstances and applicable lender guidelines. Support is available in English, Portuguese, and Spanish.
3 Simple Steps to Start Your Mortgage Review
We begin with a conversation to understand your home financing goals and general mortgage needs.
We review mortgage options based on your goals, property type, occupancy, documentation profile, and applicable lender guidelines.
Submit a secure application to begin the mortgage review process. Any preapproval requires applicable documentation and underwriting review.
