Make Homeownership Possible with an FHA Loan!

 Learn About the Benefits, Eligibility, and Steps to Get Started!

Affordable Homeownership with Low Down Payment

FHA loans are mortgages insured by the Federal Housing Administration (FHA). They are designed to help lower- and moderate-income borrowers achieve homeownership with more flexible lending requirements and lower down payments compared to conventional loans.

Who is Eligible for an FHA Loan?

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First-time

homebuyers

Borrowers with

less-than-perfect credit

Those with a higher

debt-to-income ratio

Making improvements

to your home

Program Overview

FHA loans are mortgages insured by the Federal Housing Administration (FHA). They are designed to help lower- and moderate-income borrowers achieve homeownership with more flexible lending requirements and lower down payments compared to conventional loans.

Start your journey to homeownership with a FHA loan today.

Basic Requirements

  • A minimum credit score of 580 (with a 3.5% down payment) or 500 (with a 10% down payment)

  • Steady employment history or proof of income

  • The home must be the borrower's primary residence

  • Property must meet FHA property standards

What Can You Use an FHA Loan For?

Purchasing a home

Refinancing an existing mortgage

National Guard members and reservists

Steps to Get a FHA Loan

  • Check Your Credit

    Ensure your credit score meets the minimum requirement.

  • Calculate Your Budget
    Determine how much you can afford to borrow.

  • Find a Lender

    Choose an FHA-approved lender

  • Prequalify for Your Loan

    Understand your budget and how much you can borrow.

  • House Hunt

    Find your dream home with the confidence of FHA backing.

  • Close on Your Loan

    Complete the process and move into your new home!

Ready to Get Started?

Start your journey to homeownership with an FHA loan today. Contact our FHA loan specialists to see how we can help you make your dream a reality.

Frequently Asked Questions

What is the Mortgage Insurance Premium (MIP)?

MIP is required for all FHA loans. It includes an upfront premium paid at closing and an annual premium included in monthly mortgage payments.

Can I use an FHA loan more than once?

Yes, you can use the FHA loan benefit multiple times as long as you meet the eligibility requirements each time.

What are the property standards for an FHA loan?

The home must meet specific safety, security, and soundness standards set by the FHA. The property will be appraised and inspected to ensure it meets these standards.

Get In Touch

Charlie Compass

NMLS# 2067336

12313

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compli©2026 Home Possible Brokers Inc. - Corporate NMLSID # located at . All rights reserved. DBA: . Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Compass Mortgage Team strives for compliance with all applicable state laws and federal regulations pertaining to mortgage lending, advertising, and marketing laws. THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. All loan programs, terms and interest rates are subject to change and/or discontinuance without advance notice. Equal Housing Opportunity. ©2026ance

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