Minimum down payment may be as low as 3.5% for qualified borrowers.

Credit score options may start at 580, with additional options possible for lower scores with a larger down payment.

Maximum debt-to-income ratio may allow up to 50% depending on borrower qualification.

The home must be used as the borrower’s primary residence.

The property must meet FHA safety, security, and soundness standards.

Closing cost funds are typically needed and may be covered by eligible seller, builder, or lender contributions.

Helps make homeownership more accessible with low down payment options.

Can support borrowers who need more flexible credit guidelines than some conventional programs.

Allows higher debt-to-income flexibility for qualified borrowers.

May allow seller, builder, or lender contributions to help with closing costs.

Gives realtors another helpful solution for buyers who need an accessible primary residence financing option.

Creates a clear path to discuss credit, down payment, funds to close, and property eligibility with a loan officer.

Homebuyers purchasing a primary residence.

Borrowers who may benefit from a low down payment mortgage option.

Clients with credit profiles that may need more flexibility than standard conventional financing.

Buyers who need guidance on down payment, closing costs, and qualification readiness.

Borrowers who have stable employment history and are ready to explore primary home financing.

Realtors working with buyers who need an accessible and flexible home loan solution.