FHA Home Loan | Down Payment And Credit Flexibility

Available for purchase, cash-out or rate-term refinance
Down payments can be gifted with required source verification
Seller can contribute up to 6% of the purchase price towards the buyer’s closing cost
Down payments as low as 3.5%*

Our FHA product is a government insured loan through the U.S. Federal Housing Administration. This loan is for homebuyers who need a lower down payment option and/or flexible credit requirements. Eligible borrowers can qualify with as little as 3.5% down based on their credit score.

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Property State

Loan Purpose

PurchaseRefinance

Are You Self-Employed?

Yes

Residence Type

Primary ResidenceSecond Home / Investment Property

Credit Score

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Product FAQ

General FAQ

What Is The Income Limit For An FHA Loan?

A lender will look at a debt to income ratio. FHA indicates this to be 43% or less. This means that your combined debts should be no more than 43% of your gross monthly income. There are exceptions and a lender can verify.

How Does An FHA Loan Work?

An FHA loan is insured by the Federal Housing Administration (FHA). This loan helps borrowers who need lower down payments or who have lower credit scores. Borrowers can qualify for an FHA loan with a down payment as little as 3.5% based on their credit score. A lender can verify credit scores.

Do You Have To Pay Closing Costs On A FHA Loan?

Sellers can pay closing costs up to six percent of the purchase price. This can include lender fees, property taxes, homeowners insurance, escrow fees and title insurance. A lender can provide more information and these can vary.

Angel Oak Mortgage Solutions LLC – NMLS ID#1160240 (NMLS ConsumerAccess). Corporate office may be reached at (855)539-4910 and is located at 980 Hammond Drive, Suite 850, Atlanta, GA 30328. Please see our Licensing page for more information. Programs, rates, terms, and conditionsmay change or be discontinued without prior notice. Additional guidelines and qualifications may apply. Angel Oak, Angel Oak Mortgage Solutions LLC, and the tree design are trademarks owned or registered by Angel Oak Companies, LP in the U.S.