FHA Loan

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Insured by the US Federal Housing Administration*, FHA loans provide homebuyers with more flexible qualification requirements than conventional loans, offering more people a path to homeownership.

The FHA lowered barriers for first-time homebuyers in 1934 when mortgage terms were especially difficult to meet, and millions of homebuyers have used FHA home loan programs to purchase their home since.

Benefits of FHA Loans

Making homeownership achievable for millions of Americans.

  • Better rates for borrowers with lower credit scores.
  • Credit scores as low as 580, subject to underwriting review and approval.
  • Low 3.5% down payment for those who qualify.
  • Allows for higher debt to income ratios.
  • Sellers can contribute as much as 6% toward closing costs.
  • Gift funds can be used for down payment and closing costs.

Requirements & Restrictions

Easier qualification terms for homebuyers.

  • Maximum loan amount ranging from $420,680-$970,800 (varies by county).
  • Down payment of 3.5%.
  • Mortgage insurance is required.
  • FHA property appraisal and inspection.
  • Home must be your primary residence.

Apply with Fairway of the Rockies

Fairway of the Rockies is honored to help first-time buyers into homes they love. Because buying a home may seem daunting at first, we are committed to providing education and transparency throughout the mortgage process. Find out exactly what you qualify for today by starting with our easy online pre-qualification form.