FHA loans are government-backed mortgages designed to make homeownership accessible with
flexible credit requirements and down payment options starting at 3.5%
FHA loans are most commonly used by first-time homebuyers, buyers with limited down payment
savings, or those working to rebuild their credit profile. Insured by the Federal Housing Administration,
these loans are available through approved lenders and offer more flexible underwriting guidelines than
conventional financing.
- Minimum credit score of 580 for 3.5% down payment (10% down may be available with scores between 500–579, lender guidelines vary)
- Down payment minimum of 3.5% of the purchase price for qualifying borrowers
- Property must be the borrower's primary residence
- Debt-to-income ratio limits apply — generally up to 43–57% depending on compensating factors
- Property must meet FHA minimum property standards
- Mortgage Insurance Premium (MIP) is required for the life of the loan on most FHA loans
Fill out the form below and a West Capital Lending advisor will reach out within one business day to
discuss your options — no commitment required.