FHA Loans — an easier door in for first-time buyers
A government-insured loan with easier qualifying terms than conventional.
Because the federal government insures FHA loans, lenders can offer more forgiving terms. It's a popular choice for first-time buyers and anyone still building their credit.
The biggest advantages are a low down payment and flexible credit requirements — in exchange, you pay a mortgage insurance premium (MIP).
Who it's for
- First-time buyers, or buyers returning after several years
- Buyers with mid-range credit (often 580+ for the 3.5% down option)
- Buyers with limited savings for a down payment
- Buyers using gift funds from family for the down payment
Key points
- Low down payment: typically as low as 3.5% of the price
- Flexible credit: lower scores accepted than conventional
- Gift funds allowed: the entire down payment can come from family
- Wider debt-to-income (DTI) in many cases
- Mortgage insurance (MIP): upfront and monthly — budget for it
FHA is not a lender; it is a government insurance program. Your specific terms depend on your file.
How working with me goes
Four clear steps. You always know where you stand and what happens next.
1. We talk
We discuss your goals, your income and what you have saved. No commitment and no credit check.
2. I review your file
I look at your real numbers and tell you which loan types you qualify for, with actual figures — not ballparks.
3. Pre-approval letter
You get a pre-approval letter so you can shop and make offers with confidence.
4. We close
I stay on it through closing day and walk you through every page you sign.
Ready to get started?
It takes a few minutes. No credit check to explore your options, and you get straight answers — in English or Vietnamese.
Exploring your options does NOT affect your credit score.