Government-insured structure
FHA insures approved loans made by eligible lenders; borrowers still complete full credit, income, asset and property underwriting.
Apply securelyFHA home loans
Flexible home financing backed by FHA insurance.
FHA loans can provide an accessible purchase or refinance path for qualified borrowers financing an eligible primary residence. Approval considers credit, income, assets, mortgage insurance and the property—not one advertised feature.
Start with the scenario
A practical option for many primary-home buyers.
Straight Deal Mortgage can compare eligible programs across a broad wholesale network and help identify the documentation and execution path that fits the complete transaction.
How the program works
Qualification built around the right information.
Flexible qualification
FHA guidelines may accommodate a range of eligible credit histories, down payments and debt-to-income scenarios.
Whole-cost comparison
Upfront and annual mortgage insurance, interest rate, closing costs and expected ownership period should be compared with alternatives.
A clearer path forward
What to expect.
- 01
Review the buyer profile
Discuss credit, income, assets, down payment, debts, occupancy and the proposed price range.
- 02
Compare FHA and alternatives
Evaluate eligible FHA, conventional and assistance structures using total payment, cash required and longer-term costs.
- 03
Document the transaction
Provide required borrower documents and a purchase contract for lender underwriting and the FHA appraisal process.
- 04
Clear final conditions
Resolve required borrower, title, insurance and property items before closing.
Common questions
Answers before you apply.
Are FHA loans only for first-time homebuyers?
No. Eligible repeat buyers may use FHA financing when the borrower, occupancy, property and transaction meet applicable requirements.
Does FHA require mortgage insurance?
FHA loans generally include upfront and annual mortgage-insurance premiums. Duration and cost depend on the loan terms and applicable rules.
Can FHA finance an investment property?
FHA financing is generally intended for an eligible primary residence. Limited multi-unit scenarios may qualify when the borrower occupies an eligible unit.
What does an FHA appraisal review?
The appraisal supports value and includes FHA property observations. Required repairs or additional inspections may apply depending on the property.
Continue researching
Read the detailed mortgage guide.
Learn the terminology, common documentation, potential tradeoffs and questions to ask before choosing a program.
Straight Deal Mortgage is not affiliated with or acting on behalf of or at the direction of FHA or any federal government agency. Program terms, documentation, pricing, lender participation, property eligibility and availability vary by transaction and jurisdiction and may change without notice. All loans are subject to application, credit approval, property review, underwriting requirements and applicable law. This is not a commitment to lend.