HomeFAQWhat is an FHA loan?
FHA Loans

What is an FHA loan?

Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

An FHA loan is a government-backed mortgage with easier credit and down payment requirements — 3.5% down at a 580 score. It's the most popular path for first-time and credit-rebuilding buyers.

FHA charges an upfront and annual mortgage insurance premium, and the home must be your primary residence. It pairs well with Florida down payment assistance. We'll confirm whether FHA is your lowest-cost option.

Get Pre-Approved FreeAll FAQ Questions

Related FHA Loans Questions

What are FHA loan requirements?What is FHA mortgage insurance?How do I get rid of FHA mortgage insurance?
Have a follow-up question?
Talk to a licensed Florida mortgage broker — no cost, no obligation.
Call (561) 300-0380
Explore More
All Florida Mortgage FAQsFlorida Loan ProgramsMortgage CalculatorsFlorida Mortgage RatesApply for Pre-Approval