FHA Mortgage Program
An FHA-insured mortgage program providing up to 3.5% in down payment assistance via a second mortgage, designed for purchase transactions with no first-time homebuyer requirement.
Underwriting at a glance
- Minimum FICO
- 600+
- Max LTV (purchase / rate-term)
- -
- Max LTV (cash-out)
- -
- Loan amount
- -
- Documentation
- full-doc
- States
- AL, AZ, CO, FL, GA, IL, LA, MD, MI, MN, MO, MS, NC, NJ, OH, OK, PA, SC, TN, TX, VA, WI
Highlights
- •Up to 3.5% down payment assistance via second mortgage
- •No first-time homebuyer requirement
- •Non-occupant co-borrowers allowed
- •Manual underwriting to 45% DTI with 660 FICO
- •Eligible for manufactured homes and condos
Want to see if you qualify?
Tell us about your scenario - we'll come back with current pricing and exact guidelines.
Program guidelines and rates can change at any time without notice. Last confirmed 5/17/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
5.875%
5.906% APR
FHA
5.375%
5.405% APR
VA
5.375%
5.402% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.