Quantcast

New FHA / HUD Guidelines will insure new increased loan amounts based on your county and state. Qualifying customers can now apply for an FHA Jumbo Loan.

FHA Loan Programs for 2023

The most recognized 3.5% down payment mortgage in the country. Affordable payments w/good credit.

Are You Watching Your Credit Score?

NOTICE: Some FHA mortgage lenders are substantially raising FICO score requirements during the Coronavirus crisis, even though FHA minimums remain unchanged.


- Improving Your Credit Score Has Never Been More Important -

Get started one
Get started two
Get started three
Get started four
FHA.com is a privately owned website, is not a government agency, and does not make loans.

Choose a Loan Type

FHA.com is a privately owned website, is not a government agency, and does not make loans.

FHA Jumbo Loans

Borrowing the FHA Loan Maximum Amount

FHA Jumbo Loans

New FHA / HUD Guidelines will insure new increased loan amounts based on your county and state. That means you can take advantage of new maximum loan limits for FHA loans. Qualifying customers can now apply for an FHA Jumbo Loan up to the maximum allowed by FHA. You can apply for a home loan with 3.5% down under new FHA loan limits.

A sampling of FHA approved lenders show the following qualifying guidelines:

  1. Qualified borrowers pay for closing costs plus down payment covering the 3.5% statutory minimum.
  2. Standard FHA guidelines and regulations apply, yet many lenders do require a 580 FICO score.
  3. For greater loan amounts on purchases, minimum FICO scores increase to 600 on Purchase, Rate / Term refinances and to 640 on cash-out refinances.
  4. Maximum Debt to Income Ratio's are 43% on the back end.
  5. No down payment assistance on loan amounts over $484,350.
  6. No non traditional credit.
  7. Declining Markets: Two appraisals will be required when the loan amount, excluding upfront MIP, will exceed $484,350 and the LTV equal to or greater than 95%.

FHA Loan Programs

SEE YOUR CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


GET STARTED

FHA Loan Articles and Mortgage News

Buying A House? What Your Lender Wants to Know

March 23, 2023 - Do you want to buy a home with an FHA mortgage? No matter what kind of home loan you decide to apply for, knowing what your lender is looking for from your application will help you to better save and plan for your mortgage.

Is It Smarter to Rent or Buy?

March 21, 2023 - If you are thinking of buying a home with an FHA mortgage, one of the early questions you might be asking is whether or not to buy at all. Is it cheaper to rent or buy in today’s housing markets? 
The short answer is that it depends on your own housing market.

What to Know About Adjustable Rate Mortgages

March 20, 2023 - The FHA Adjustable Rate Mortgage is an option borrowers have when mortgage loan rates are high. The FHA ARM, as it is sometimes called, starts with a lower introductory interest rate with a fixed period and an expiration date.

Why Did Mortgage Rates Fall After Bank Failures?

March 19, 2023 - In March 2023, one of the major headlines was about the failure of Silicon Valley Bank. The failure of that bank left some worried that a repeat of 2008 was just around the corner. What wasn’t so expected as a result, at least by some, was a drop in mortgage loan interest rates.

FHA Purchase Loans: Buying a House in a Tough Market

March 18, 2023 - Some potential borrowers are confused by the economic reports from other sectors, wondering why in a time of inflation, people are spending money on travel and dining out even as they contemplate whether or not to buy a home this year.