FHA hub

Slide show

Six slides, one idea each. Swipe on a phone, tap Next and Back, or press the arrow keys.

Slide 1 of 6

FHA

The government insures the loan. A lender still makes it.

Because the Federal Housing Administration insures it, lenders can offer more flexible terms. You still apply with a lender.

Slide 2 of 6

Down

A smaller down payment is the best-known feature.

The exact minimum depends on your credit. Ask a lender for the number that applies to you.

Slide 3 of 6

Credit

Fair credit can still be a starting point.

Lenders set their own standards on top of FHA's. Two lenders can answer differently, so ask more than one.

Slide 4 of 6

MIP

You pay for the insurance.

Mortgage insurance is paid once at closing and then each month. Ask how it changes your payment.

Slide 5 of 6

Home

The home must be where you live, and it must pass.

An inspection is yours to book. The lender also orders an appraisal. Both can change your plans.

Slide 6 of 6

Ask

Only a lender can tell you where you stand.

Take the quiz, bring the checklist, and ask a lender that makes FHA loans.

What next

Take the FHA quiz · FHA checklist

Educational only. AskResi is not a lender.