Buying your first home? Struggling with a limited down payment or less-than-perfect credit? The FHA loan program might be the perfect solution for you. At Top Home, we’re committed to helping more people access homeownership with confidence—and FHA loans are one of the most accessible paths available.
✅ What Is an FHA Loan?
An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). This government-backed loan program is designed to make homeownership more affordable—especially for first-time buyers and those with lower credit scores or limited savings.
💡 Key Benefits of FHA Loans
- Low Down Payment – As low as 3.5% down for qualified borrowers.
- Flexible Credit Requirements – Minimum credit score of 580 (or even lower with a higher down payment).
- Competitive Interest Rates – Often lower than conventional loans.
- Assumable Loan – Buyers may assume your FHA loan, which can be an attractive selling point in the future.
🧾 Who Qualifies for an FHA Loan?
You may be eligible for an FHA loan if:
- You're purchasing a primary residence
- You have a steady employment history
- Your debt-to-income ratio is within acceptable limits
- You meet the minimum credit score requirements
- You can make the required down payment
🛠 FHA Loan Requirements at a Glance
| Requirement | Details |
|---|---|
| Minimum Credit Score | 580 (with 3.5% down) |
| Down Payment | 3.5% minimum |
| Occupancy | Must live in the home |
| Loan Limits | Varies by county & property type |
| Mortgage Insurance | Required (Upfront & Annual MIP) |
🤝 How Top Home Can Help
Navigating loan programs like FHA can feel overwhelming—but that’s what we’re here for. At Top Home, we guide you every step of the way—from checking eligibility to submitting your application and securing the best rate possible.
We also help you compare FHA loans with other mortgage options so you can choose what’s best for your financial goals.
📞 Ready to Get Started?
Whether you’re buying your first home or exploring refinance options, our team is here to help you understand the FHA loan program—and secure a loan that fits your life.
👉 Contact us today for a free consultation or start your FHA pre-approval request online in minutes.