FHA Loans
Backed by the Federal Housing Administration, FHA loans are designed to make homeownership more accessible. With low down payment requirements (as little as 3.5%) and more forgiving credit standards, FHA loans are especially helpful for first-time buyers or those rebuilding their credit. Mortgage insurance is required, but the tradeoff is an easier path into a home.
Scenario
Jessica and Daniel have been renting for years and finally saved up 20% for a down payment. With strong credit and steady jobs, they were able to secure a conventional loan with no mortgage insurance — saving them hundreds each month. They loved the flexibility of choosing a 15-year term to pay off their home faster.
“Your First Step into Homeownership.”
Borrower Checklist:
Credit score 580+ (500–579 w/10% down)
3.5% minimum down payment
Steady income source
Documentation Checklist:
Pay stubs, W-2s, or other proof of income
Tax returns (2 years)
Bank statements (2 months)
Valid ID & Social Security card
Employment verification
34125 US Highway 19
Suites 110 and 200, Office 291
Palm Harbor, FL 34684
1.813466.4319
NMLS: 1693869 | 130562
Licensed by the Department of Financial Protection and Innovation (DFPI)