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
Federal Housing Administration (FHA) loans are designed to make homeownership more accessible, especially for first-time buyers and those with less-than-perfect credit.
Qualify for an FHA loan with a down payment as low as 3.5% of the purchase price, keeping more savings in your pocket.
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.
Already have an FHA loan? Lower your rate quickly with an FHA Streamline Refinance, often requiring no appraisal or income verification.
Use this our FHA loan calculator to see your estimated monthly payment, including mortgage insurance, property taxes and homeowners insurance
Estimated monthly payment
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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.
For 2026, FHA limits range from $541,287 in most counties to $1,249,125 for single-family homes in high-cost areas. Look up your county below.
Choose your state and county to see the maximum FHA loan amount.
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Maximum FHA loan — single-family home
| Property type | FHA limit |
|---|---|
| 1 unit (single family) | — |
| 2 units (duplex) | — |
| 3 units (triplex) | — |
| 4 units (fourplex) | — |
With the minimum 3.5% down, that supports a purchase price up to
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Single-family home at the county limit. What you personally qualify for depends on income, credit, and existing debts.
I'm confirming this county's current figure.
Give me a call and I'll pull the limit for your county straight from HUD.
Contact meSource: U.S. Department of Housing and Urban Development, FHA mortgage limits for . Limits are reviewed annually and apply to case numbers assigned on or after January 1. Not a commitment to lend.
We've simplified the mortgage process so you can focus on finding your dream home, not drowning in paperwork.
Fill out our quick, secure online form. We'll ask basic questions about your financial situation and the home you want to buy.
Compare personalized rates from top FHA-approved lenders. Choose the best offer and get your pre-approval letter instantly.
Work with your dedicated loan officer to finalize the paperwork and get the keys to your new home faster than traditional loans.
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.
