Let’s understand your options.
An FHA loan is a mortgage insured by the Federal Housing Administration. It can be worth comparing when you want to keep your down payment manageable. We’ll look at your full payment and cash to close alongside other available options.
Down payment options
Some eligible borrowers can put as little as 3.5% down. The amount depends on qualification and program requirements.
Mortgage insurance
FHA mortgage insurance is part of the cost. Compare the upfront and ongoing charges when you review your loan options.
Property and loan limits
The home must meet applicable requirements, and FHA loan limits vary by location.
The right comparison
A smaller down payment is one part of the decision. We’ll compare your monthly payment, upfront costs, and longer-term plan.
Helpful for our conversation
- Your target price range and planned down payment
- Recent income and asset documents, when requested
- The property address, if you have one
Questions you may be asking
Put some numbers to your plan.
Use the calculators to explore a scenario before we talk.