Get Pre-Approved For FHA Loans

First Time Buyer? Second time buyer? Wondering if you’re eligible for an FHA loan? We can help you get pre-approved for an FHA loan in your state.

620 Recommended Minimum Credit Score*
Down Payment Requirement is 3.5%

*While actual credit score requirements for FHA loans may be lower, our experience shows that those with a 650 and higher credit score have a much higher probability of getting approval.


  • Low Rates and Fees
    • We offer competetive pricing to other banks
  • Lock In A Rate
    • If you are comfortable there is no need to float your rate.
  • Direct Lender
    • Our mortgages directly from us to you.
  • Qualified Mortgage Advisors
    • Our mortgage advisors are real people & will work with you every step of the way to getting your loan.
  • Close Your Loan Quickly
    • We’ll work with you to get your paperwork in order & get you approved ASAP!
  • Easy Application
    • We’ll help you with any forms and cut through that paperwork.

pablo (11)FHA Loans: Get Pre-Approved For Your Home Loan Quick & Easy!

Fill out the form below & Tony or Michael will get in touch in minutes to get you started!

 

Request Your Pre-Approval

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“They were by far the greatest lender to work with in my lifetime. I have purchased 3 homes and was stressed all of the previous times. I would recommend them to anyone I could”

Zack
Myrtle Beach, South Carolina

Everything You Need To Know About FHA Loans

FHA Loan Credit Requirements
You will need a minimum 620 credit score. Your middle score of the 3 reporting bureaus is determined as a score for qualification. If you are using a co-borrower the lower of the two middle scores is used for qualification.
What is the FHA Minimum Down Payment?
FHA loans require a minimum down payment of 3.5% of the purchase price.
The down payment can come from gift funds ***restrictions apply***
*Debt to Income ratio is capped at 55% in most circumstances
What Are FHA Loan Seller Concessions?
The seller can contribute 6% of the purchase price to apply towards closing cost, pre-paids and other fees associated with a mortgage.
What About the Mortgage Insurance Premium (MIP) For FHAs?
You need to know that FHA loans require upfront and monthly MIP. The upfront fee is 1.75% of the purchase price and is financed into the loan.
You do not have to pay this out of pocket.
The monthly MIP is based on down payment and Finance terms such as 30yr fixed or 15yr fixed. Depending on the type of FHA loan it can fall off after 11 years or can be for the entire term of the loan.
What about Non Occupants or Co-Signors on FHA loans?
You can have a non occupying borrower who can co-sign on the loan to help qualify. Both your credit and the co-signors credit must be acceptable, but their income will be counted to help qualify.
 Disclaimer: All loans are subject to credit and underwriting approval. The programs advertised on this landing page are not a commitmeent or guarantee from Buy Your First  to lend. Programs, rates and other terms & conditions on this landing page are subject to change without notice.