FHA Loan
FHA loans are available for people with credit scores of 580 or higher and down payments as low as 3.5%. This makes FHA loans more accessible than other mortgages.
What is an FHA loan?
An FHA mortgage is insured by the Federal Housing Administration (FHA) and is a popular option with first-time homebuyers. It was specifically designed to help potential homebuyers get into a home with less stress by providing lower down payment options and flexible underwriting guidelines. FHA-approved lenders are able to offer these benefits because borrowers with an FHA loan pay mortgage insurance, which protects the lender in case the borrower defaults.
Can I qualify for an FHA home loan?
Because an FHA loan is government-insured, it has less stringent qualifications and credit requirements compared to Conventional financing. The minimum credit score depends on a variety of factors, so be sure to check with your Loan Officer about your specific situation. The FHA mortgage was originally created for first-time homebuyers, but it is now open to a much wider audience. Under FHA guidelines, if you have not owned a primary residence for at least three years you can qualify as a first-time homebuyer! Qualifying homeowners may be able to refinance their FHA loan and obtain a lower rate with an FHA Streamline refinance.
How much is the down payment for an FHA mortgage?
A down payment as low as 3.5% is available through an FHA home loan. This amount may even be covered through a gift from a family member or by down payment assistance through state or local government programs. Ask your Loan Officer for available options in your area. If you’re not sure you can qualify for a mortgage, speaking to a loan officer who specializes in FHA financing may be a great place to start. Get pre-qualified now and we’ll review your current financial situation and credit score to help you find the best option for you.
Understand the Impact of Your Credit
It's a common misconception that you need perfect credit to buy a home. Whether you have good credit or have had a few bumps along the way, we can help! Don't let a few bumps stand in your way - learn more today and let us help!

FHA Home Loan Benefits

  • Down payment amounts as low as 3.5%
  • The entire down payment can be paid with 100% gift funds
  • lexible qualifying criteria with lower credit score requirements
  • Ability to choose between a fixed rate or an adjustable rate mortgage
  • Sellers may give up to 6% of the purchase price for closing costs and pre-paid costs

© 2020 Prime Home Loans, Inc. All rights reserved. From start to finish, Prime Home Loans, Inc has dedicated team members with a direct point of contacts available to clients and realtors alike. You will have the convenience of speaking directly to someone that is working on your file and will have an immediate feedback on the status of the mortgage process.

Main Office
2444 Duluth Hwy Suite #101 Duluth, GA 30097
T (678) 638-1447
F (800) 878-3207
E-mail : info@phl101.com

New Jersey Office
725 Grand Ave Suite 105A Ridgefield, NJ 07657
T (678) 638-1447
E-mail : info@phl101.com

Texas Office
8000 West IH 10, Suite 600 San Antonio TX 78230
T (678) 638-1447
E-mail : info@phl101.com

Prime Home Loans, Inc. NMLS #98975; NMLSConsumerAccess.org. Equal Housing Lender. Licensed in. AL - Consumer Credit License #20786; AL – Mortgage Brokers License #21657; FL – Mortgage Lender License #MLD1554; GA – Mortgage Lender License/Registration #14971; MD – Mortgage Lender License #22966; MI – 1st Mortgage Broker/Lender License #FL0022835; SC-BFI – Mortgage Lender / Servicer License #MLS-98975; TN – Mortgage License #109087; TX-SML – Mortgage Company License; VA – Broker License / Lender License #MC-6798. Conditions may apply.