FHA loans with low down payments and flexible guidelines.
FHA loans are designed to make homeownership more accessible—especially if you're working with a smaller down payment or rebuilding credit. We'll help you understand what you qualify for and how FHA compares to other options.
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See your FHA loan options
Lower down payment, flexible credit guidelines — request your FHA quote.
What is an FHA loan?
FHA loans are mortgages insured by the Federal Housing Administration. Because of that insurance, lenders can offer more flexible credit and qualification guidelines—often with lower down payment options than many conventional loans.
They're a popular choice for first-time buyers and returning homeowners who want a predictable monthly payment and a clear path to approval.
Common FHA features
- Down payments as low as ~3.5% (program-dependent)
- More flexible credit guidelines than many conventional options
- Fixed-rate terms with predictable monthly payments
- May allow higher debt-to-income ratios in some situations
Why borrowers choose FHA
- Helps buyers get into a home sooner
- Good fit if you're rebuilding or establishing credit
- Can pair with certain down payment assistance options
- Structured to support primary residence purchases
Why buyers choose FHA loans
FHA loans are built to make homeownership possible—even if you don't have a perfect credit profile or a large down payment saved.
Often as low as 3.5% down, so you don't have to wait years to buy.
FHA can be more forgiving than many conventional options if your credit isn't perfect.
Use eligible gift funds from family to help with down payment or closing costs.
How FHA pre-approval works with WeLoan
We keep the process simple and transparent, so you always know what's happening and what comes next.
1. Quick FHA check-in
Share your goals, price range, and timeline. We'll confirm whether FHA looks like a good fit for your situation.
2. Documents & numbers
We review income, assets, and debts to estimate payment, cash to close, and what you may qualify for—before you commit.
3. FHA pre-approval letter
Once everything checks out, we can issue a pre-approval letter you can use with your agent and sellers.
4. Shop homes & lock when ready
You shop with confidence. When you're ready, we'll help lock your rate and guide you through closing.
Whether you're buying in 30 days or 6+ months, we can help you see what's possible now and what steps to take next.
FHA vs. Conventional: what's the difference?
Both can be strong choices. FHA can be a better fit if you're working with a smaller down payment or rebuilding credit, while conventional may be stronger if you have more to put down and higher credit scores.
FHA Loan
- Down payment as low as ~3.5% (program-dependent)
- More flexible credit score guidelines
- Gift funds often allowed for down payment or closing costs
- Government-insured, which can allow more flexibility
- Popular with first-time and returning buyers
Conventional Loan
- Typically rewards higher credit scores with better pricing
- Down payment can range from 3% to 20%+
- Stricter rules on how funds can be sourced
- May be better long-term if you're putting more money down
- Often compared side-by-side with FHA for best overall fit
Typical FHA loan guidelines
Exact guidelines vary by scenario, but these are common features we'll review together. We'll help you understand what applies to your situation before you commit to anything.
What borrowers say about working with WeLoan
Real people, real closings, and honest communication. Here's a snapshot of what clients share after closing with FHA financing.
“They walked us through every step.”
“We didn't think we'd qualify yet.” Our FHA specialist explained what we needed, helped us structure our down payment, and stayed responsive from application to closing.
We can't promise specific outcomes—but we can promise clear communication, realistic expectations, and a team that treats your loan like it matters.
Names and details changed for privacy. Ask us for recent reviews.
FHA loan FAQs
FHA can feel complex on paper. Our job is to simplify it and give you straight answers.
Do I have to be a first-time homebuyer?
No. FHA loans are popular with first-time buyers, but they’re also available to returning homeowners, as long as the property will be your primary residence and other FHA requirements are met.
Can I use gift funds for my down payment?
Often, yes. FHA allows gift funds from acceptable sources to help with down payment and closing costs, as long as the gift is properly documented and not a repayment obligation.
How is FHA different from a conventional loan?
FHA loans are government-insured, which opens the door to more flexible credit and down payment options. Conventional loans follow standard investor guidelines and may be better in some cases. We’ll compare them side-by-side for you.
What will my monthly payment include?
Your monthly payment typically includes principal and interest, property taxes, homeowner’s insurance, and FHA Mortgage Insurance Premium (MIP). We’ll model estimated payments before you move forward.
Can FHA be combined with down payment assistance?
In some scenarios, yes. Certain DPA structures can pair with FHA, depending on program rules and eligibility. We’ll help you see if that’s available for your situation.
Benefits of FHA loans with WeLoan
- Clear guidance on FHA vs. other options
- Support for first-time and repeat buyers
- Local team focused on practical solutions
- Transparent communication on payment & cash-to-close
- Online application plus human support when you want it
- Pre-approval letters to help you shop confidently
- We coordinate with your real estate agent and closing team
- Simple, repeatable steps from application to keys