Low Down Payment with FHA—Flexible Credit, Competitive Terms
Estimate payments including MIP and see if FHA is right for you.
Low down payment
Flexible credit
MIP included
FHA Mortgage Calculator
Estimates principal & interest plus FHA mortgage insurance (UFMIP + annual MIP). For guidance only.
FHA minimum is typically 3.5% down.
How it works
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Pre-qualify
Explore eligibility with flexible credit.
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Include MIP
Upfront and monthly MIP affect payment; calculator shows impact.
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Close
Complete appraisal and underwriting to fund your loan.
FHA vs Conventional
Pros
- Lower down payment
- Flexible credit
Cons
- Upfront and monthly MIP
Estimate FHA vs Conventional
Quick estimate of potential monthly payment difference. For illustration only; actual terms vary.
Estimated monthly payment
FHA
$1933
Conventional
$2155
Potential monthly difference: $222
Actual payments depend on program details, APR, MI, taxes, and insurance.
Choose your path
First-time buyer
Lower upfront costs to get into a home sooner.
Comparing programs
See break-even between FHA and conventional.
Credit recovering
FHA’s flexible guidelines can help you qualify.
Trusted by borrowers
Flexible credit
Lower down payment
NMLS: 2530539
Equal Housing Lender
“The FHA route made buying possible for us this year.”
FAQs
Get Your Free Refi Quote
Submit your information and a VA loan specialist will contact you with a personalized savings report.