FHA Loans
Overview
An FHA loan is a great choice for first-time homebuyers and anyone seeking low down payment financing. Backed by the Federal Housing Administration, FHA loans feature flexible credit requirements and low down payment options, making it easier to purchase a home.
Key Features
✔ Low Down Payment – As little as 3.5% down on home.
✔ Flexible Credit – Credit scores as low as 580 may qualify.
✔ Competitive Interest Rates – Attractive pricing for homebuyers.
✔ Assumable Loan – Potential selling advantage.
Eligibility & Guidelines
✔ Must occupy the property as a primary residence.
✔ Debt-to-income ratio typically up to 43%.
✔ Requires FHA-approved appraisal and property standards.
✔ Upfront and monthly mortgage insurance premiums required.
Ideal For
✔ First-time buyers
✔ Borrowers with limited credit history looking for a home mortgage.
✔ Buyers who want a low down payment without strict income limits.
Ready to Take the Next Step?
Whether you’re buying, refinancing, or just exploring your options, The Lowe Team at Supreme Lending is here to help you move forward with clarity and confidence.