FHA loans offer flexible underwriting guidelines, helping you qualify.
FHA loans are one type of government loan intended to assist more homebuyers in qualifying for a mortgage. While secured by the Federal Housing Administration, FHA loans require monthly mortgage insurance premiums paid by the borrower that protect the lender in the case of default. FHA loans provide more flexible qualifying criteria, like credit and income requirements, than other loan programs. Additionally, this loan type permits small down payments, making it an appealing option for many homebuyers.