An FHA Loan may be the right for you if:

  • You’re a first-time or repeat homebuyer; or
  • You have a low credit score; or
  • You want a low down payment; or

FHA Loan Benefits and Features

  • Low down payment: Minimum is 3.5% of the purchase price. Mortgage insurance is required.
  • Lower credit scores: Minimum is 580. Scores below 580 may still qualify, but the minimum down payment would be at least 10%. Restrictions apply.*
  • 100% gift funds are acceptable for down payment and closing costs.
  • Fixed-rate and adjustable-rate mortgages (ARM) available.
  • Flexible qualification guidelines.
  • Other requirements and conditions apply.

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* Academy Mortgage arranges, but does not make some loans