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Get Your FHA Loan Approved Fast – As Low As 3.5% Down

Jim Morgan / FHA Loan Specialist Over 30 years originating FHA loans which are often better than conventional Loans for buyers who don't have a 720 score or 20% down, and most people never hear that. I'll show you both, side by side so you can make an informed decision We are licensed in most states · NMLS 220094 · Barrett Financial LLC, NMLS 181106

Licensed in 48 States

31 Years Originating

Fha Purchase, Refinance & 203(k)

Why Choose an FHA Loan?

Federal Housing Administration (FHA) loans are designed to make homeownership more accessible, especially for first-time buyers and those with less-than-perfect credit.

Low Down Payment

Qualify for an FHA loan with a down payment as low as 3.5% of the purchase price, keeping more savings in your pocket.

Lower Credit Scores Accepted

Even with a credit score of 580, you can qualify for maximum financing. Scores as low as 500 may qualify with a 10% down payment.

Streamlined Refinancing

Already have an FHA loan? Lower your rate quickly with an FHA Streamline Refinance, often requiring no appraisal or income verification.

Estimate your FHA monthly payment

Use this our FHA loan calculator to see your estimated monthly payment, including mortgage insurance, property taxes and homeowners insurance

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Estimated monthly payment

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  • Mortgage insurance (MIP)$0
  • Property tax$0
  • Home insurance$0
  • HOA dues$0

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Upfront MIP (1.75%, financed)
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Get your personalized quote

Estimates only, for general informational purposes. Figures assume the upfront mortgage insurance premium is financed into the loan and that the annual premium is based on the base loan amount. Your actual payment will depend on your credit profile, property, market conditions, and final underwriting, and this is not a commitment to lend or an offer of credit.

More borrowing power with 2026 FHA limits

For 2026, FHA limits range from $541,287 in most counties to $1,249,125 for single-family homes in high-cost areas.

FHA Loan Limits by County

Choose your state and county to see the maximum FHA loan amount.

Simple 3-Step Process

We've simplified the mortgage process so you can focus on finding your dream home, not drowning in paperwork.

Apply in Minutes

Fill out our quick, secure online form. We'll ask basic questions about your financial situation and the home you want to buy.

Get Approved

Compare personalized rates from top FHA-approved lenders. Choose the best offer and get your pre-approval letter instantly.

Close the Deal

Work with your dedicated loan officer to finalize the paperwork and get the keys to your new home faster than traditional loans.

Frequently Asked Questions

What credit score do I need for an FHA loan?

A minimum credit score of 580 is typically required for maximum financing with a 3.5% down payment. Borrowers with scores between 500 and 579 may be eligible with a 10% down payment. Lenders may have their own additional overlays or requirements.

A minimum credit score of 580 is typically required for maximum financing with a 3.5% down payment. Borrowers with scores between 500 and 579 may be eligible with a 10% down payment.

FHA mortgage insurance is a premium that protects the lender if the loan defaults. It's what lets FHA approve borrowers with lower credit scores and smaller down payments than conventional loans allow. There are two parts. The upfront premium (UFMIP) is 1.75% of the loan amount, charged once at closing and usually financed into the loan. The annual mortgage insurance premium (MIP) is 0.55% per year with 3.5% down, or 0.50% with 5% or more down, split into twelve monthly payments. Unlike conventional PMI, the FHA MIP rate doesn't change with your credit score, which is why FHA often costs less for buyers still building credit. With less than 10% down, FHA mortgage insurance lasts the life of the loan. With 10% or more down, it ends after 11 years.

Yes. Once you have roughly 20% equity and a qualifying credit score, refinancing into a conventional loan removes mortgage insurance permanently. This is the most common exit for FHA borrowers who put less than 10% down, since their MIP doesn't cancel on its own. Whether it makes sense depends on where rates are when you get there.