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FHA Mortgage Loan

FHA loans are popular with first-time homebuyers for a reason. Its benefits include a low down payment and lenient credit requirements. Learn more about the FHA mortgage loan to decide if it’s right for you.

Get qualified for FHA.

What is an FHA Loan?

An FHA loan is a federally-backed mortgage loan that is insured by the Federal Housing Association. With this loan, your down payment could be as low as 3.5% of the loan amount. Credit requirements are easier with an FHA loan and closing costs are minimal. Most lenders are FHA-approved and My Perfect Mortgage can match you with the right one.

Start your FHA home loan.

Do It Yourself Mortgage Analysis

Use our FHA Mortgage Calculator to estimate your monthly payment

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Common Questions about FHA Mortgage Loans

Who can qualify for an FHA loan?

An FHA loan is not exclusively for low-income buyers or first-time home buyers. If you can meet the required credit and debt-to-income ratio guidelines, and you have sufficient funds for a down payment, you’ll likely qualify.

Can I qualify for an FHA loan if I’ve had a foreclosure or bankruptcy?
What is mortgage loan insurance?