3.5% Down Payment � Flexible Credit Requirements � Government-Backed Security
Stop renting! FHA loans make homeownership possible with benefits you won't find anywhere else.
Discover the incredible advantages that make FHA the perfect choice for most first-time buyers
Only 3.5% down versus 20% for conventional loans. That's $7,000 instead of $40,000 on a $200,000 home!
Scores as low as 580 accepted. Recent credit events? We can often work with you where others can't.
Parents or relatives can gift your entire down payment. Perfect for getting started with little savings.
Single-family homes, 2-4 unit properties, condos, and manufactured homes all qualify.
Later, refinance with minimal paperwork and no appraisal if rates drop. It's that easy!
FHA-insured loans give lenders confidence, meaning better terms for you.
What you need to know about FHA property requirements
FHA loans require homes to meet specific safety and livability standards. While this protects you as a buyer, it means some homes might need repairs before closing.
Good News: Most homes in the Saint Paul area meet these standards. If repairs are needed, we can often negotiate with sellers or use escrow funds.
"FHA 203(k) loans let you finance repairs into your mortgage! Perfect for fixer-uppers that need a little TLC."
Cosmetic issues like outdated kitchens or bathrooms. FHA focuses on safety, not style!
See how FHA stacks up against traditional financing
| Feature | FHA Loan | Conventional Loan |
|---|---|---|
| Minimum Down Payment | 3.5% | 3-20% |
| Minimum Credit Score | 580 (500-579 with 10% down) | 620-640 |
| Mortgage Insurance | Required (can't cancel) | Required if <20% down (can cancel) |
| Debt-to-Income Ratio | Up to 50% | Up to 45% |
| Property Standards | Strict requirements | More flexible |
| Best For | First-time buyers Lower credit scores Smaller down payments |
Strong credit Larger down payments Investment properties |
*Every situation is unique. Let Joe help you choose the best option!
Home prices are rising. Lock in your rate and get pre-approved TODAY before rates change.
Limited Time: Special FHA rates available this month. Applications submitted today get priority processing!
Quick answers to your most common questions
Anyone meeting credit and income requirements! First-time and repeat buyers welcome. No first-time buyer requirement.
No, FHA loans are for primary residences only. You must live in the home as your main residence.
With Joe's expertise, most pre-approvals happen within 24 hours. Full approval typically 30-45 days.
Limits vary by county. Saint Paul area limits are around $500,000 for single-family homes.
FHA mortgage insurance typically stays for the loan life if you put less than 10% down. At 10%+, it drops after 11 years.
FHA has flexible student loan calculations. We can often qualify you even with significant student debt.
Joe has helped thousands of families achieve homeownership through FHA loans. You could be next!
Limited spots available for January pre-approvals! Don't miss your chance to lock in current rates.