FHA Calculator

Take Advantage of Special Programs within the FHA

A Federal Housing Administration (FHA) mortgage requires lower down payment and credit scores as compared to conventional mortgages. Estimate your monthly FHA mortgage payments today.

A Federal Housing Administration (FHA) mortgage requires lower down payment and credit scores as compared to conventional mortgages.
Estimate your monthly FHA mortgage payments today.

A Federal Housing Administration (FHA) mortgage requires lower down payment and credit scores as compared to conventional mortgages.
Estimate your monthly FHA mortgage payments today.

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Real Estate Analysis of Home Ownership Affordability

VA and Nationwide Home Price

2 years
5 years
10 years
15 years
All
Source: Freddie Mac House Price Index (FMHPI)

FHA Mortgage Overview


For many who have not sayed up for a 20% down payment or who may have a lower credit score, the FHA stands in to support your home aspirations.

FHA Mortgage Benefits

  • Down payment as low as 3.5%
  • Credit score as low as 500

FHA Mortgage Requirements

  • A credit score of at least 580 requires a 3.5% down payment.
  • A credit score between 500 and 579 requires a 10% down payment.
  • MIP (Mortgage Insurance Premium) is required.
  • Debt-to-Income (DTI) Ratio < 43%.
  • Mortgage must be for primary home, not investment or vacation home.
  • Borrower must have steady income and proof of employment.

FAQ’s


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