Lower Credit?
You Still Qualify.
FHA loans make homeownership accessible with lower down payments and flexible credit requirements — perfect for first-time buyers and those rebuilding credit.
Why FHA Might Be Your Best Option
Backed by the federal government, designed for real people.
3.5% Down Payment
One of the lowest minimum down payments available. You can use gift funds from family to cover all of it.
Credit Flexibility
Credit scores as low as 580 qualify for 3.5% down. Scores 500–579 qualify with 10% down.
Higher Debt-to-Income
FHA allows DTI ratios up to 57% with compensating factors, making it easier to qualify.
Wide Property Eligibility
Finance 1-4 unit primary residences, condos, and manufactured homes that meet FHA guidelines.
Competitive Rates
FHA loans often carry rates comparable to or better than conventional loans, even for lower credit scores.
Streamline Refinance
Once you have an FHA loan, refinancing is easier — limited documentation, no appraisal required in some cases.
FHA vs. Conventional
| Feature | FHA Loan | Conventional Loan |
|---|---|---|
| Min. Down Payment | 3.5% (580+ credit) | 3–5% (620+ credit) |
| Min. Credit Score | 580 (500 with 10% down) | 620 required |
| Mortgage Insurance | Required for life of loan* | Removed at 20% equity |
| DTI Limit | Up to 57% with exceptions | Typically 43–50% |
| Loan Limits (2024) | Up to $498,257 (standard) | Up to $766,550 conforming |
| Gift Funds | Allowed for 100% of down | Allowed (restrictions apply) |
| Property Condition | Must meet HUD standards | More flexible |
First-Time Buyers Who Made It Happen
"I had a 601 credit score and thought I'd be renting forever. Epic got me into my first home in 45 days. The FHA loan made it possible."
"Used gift money from my parents for the down payment. Epic walked me through every step. I didn't feel lost once."
"Went from renting at $2,100/mo to owning with an FHA loan at $1,780/mo including taxes and insurance. Wish I'd done this sooner."