FHA Mortgage Loan Programs

Backed by the Federal Housing Administration, designed for low-to-moderate income borrowers and offer a lower down payment option.
FHA Mortgage Loan Highlights
Opening Doors to Homeownership: Exploring FHA Mortgage Loans
  • Low down payment: FHA mortgage loans have a low down payment requirement of just 3.5%, making it easier for borrowers to become homeowners.
  • Credit score: FHA loans have a lower credit score requirement compared to conventional loans, usually around 580, with some options accepting scores as low as 500.
  • Loan limits: FHA mortgage loan limits vary based on the location and type of property, but are generally lower compared to conventional loans.
  • Mortgage insurance: Borrowers are required to pay mortgage insurance premiums (MIP) for the life of the loan, which protects the lender in case of default.
  • Loan terms: FHA loans are available with 15- or 30-year terms, although other options may be available.
  • Streamlined underwriting: FHA loans have a streamlined underwriting process, which allows for quicker and easier approval compared to conventional loans.

The Federal Housing Administration (FHA) insures all FHA loans that are issued by FHA approved lenders, which enables borrowers to qualify with lower credit scores and a lower down payment amount. FHA loans are designed to assist low to moderate income borrowers and increase home ownership across the US. Many first time homebuyers choose FHA because of the low up front costs, borrowers can put as low as 3.5% down on a new home, financing 96.5% of the home value. 

FHA loans can also be combined with our Down Payment Assistance or DPA options for up to 100% financing!

For borrowers who do not qualify for FHA financing for any reason, at The Mortgage Calculator we have over 5,000 additional Non-QM Loan Programs using alternative documentation! Options for alternative documents include bank statement mortgage programs, 1099 mortgage programs, asset based mortgage programs or P&L mortgage programs.

Apply via the form below to shop your loan to over 100 FHA Approved Lenders & get the best rates possible!

FHA Loan Program Terms:

  • Up to 96.5% LTV Purchase
  • Up to 100% LTV Refinance
  • 500 Min FICO
  • 15 or 30 Year Fixed
  • Upfront and Annual Mortgage Insurance Required
  • 1-4 Units, Condos, Manufactured Homes Eligible
  • Up to 100% LTV with Down Payment Assistance

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About The Mortgage Calculator
The Mortgage Calculator

The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! 

Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!

Our team of over 400 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more!

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