FHA Home Loans
Are you eligible for a Federal Housing Administration Loan?
What’s an FHA Loan?
The FHA Loan is similar to a Conventional Loan, but there are a few differences:
FHA loans are insured by the Federal Housing Administration (FHA), so they help low to moderate-income buyers get a better deal on a mortgage.
The minimum required down payment for FHA loans is only 3.5%.
FHA loans do require a funding fee that is not required for Conventional loans.
The maximum loan amount for FHA Loans is currently $498,257 (as of 01/01/2024) in Oklahoma.
Benefits of an FHA Loan:
✓ Lower credit score requirement compared to other loan programs.
✓ Less restrictive requirements than other loan programs.
✓ Federally insured by the Federal Housing Administration.
✓ Minimal down payment (3.5%) compared to the other programs.
If you think an FHA Loan is the right choice for you, get in touch with one of our Home Loan Coaches to get started.
Wondering what happens during a Home Loan Coaching Session?
Visit our Coaching page to see a real Coaching Session.
How It Works
Own your dream home in three simple steps:
Step 1
Schedule Home Loan Coaching Session
Step 2
Get pre-approved for your mortgage
Step 3
Move into your dream home!
Educational Resources
Fannie Mae offers a FREE course with everything you need to know about buying your first home.
Check out the articles below for some of the most common questions homebuyers ask us before getting an FHA Loan:
