FHA Mortgage Program

An FHA 30-year fixed purchase program offering 101.5% CLTV, including 5% down payment assistance to help cover closing costs.

Underwriting at a glance

Minimum FICO
600+
Max LTV (purchase / rate-term)
101.5%
Max LTV (cash-out)
-
Loan amount
$5,000 - ?
Documentation
full-doc
States
AZ, SC, AK, AL, AR, CO, CT, DC, DE, FL, HI, IA, ID, IN, KS, KY, LA, MD, ME, MI, MN, MS, MT, NC, ND, NE, NH, NM, NV, OH, OK, OR, PA, SD, CA, GA, IL, MA, MO, RI, NJ, VA

Highlights

  • 101.5% CLTV (96.5% First + 5% DPA)
  • 5% DPA available for closing costs
  • No income limits
  • No first-time buyer requirement
  • 600 min FICO for AUS, 660 for manual
  • No first-time homebuyer requirement
  • 620 minimum FICO for AUS approvals
  • 660 minimum FICO for manual underwriting
  • 101.5% CLTV
  • 5% DPA for closing costs
  • 101.5% CLTV with 5% down payment assistance
  • Primary residence only with no first-time homebuyer requirement
  • 101.5% CLTV with 5% DPA for closing costs
  • 620 minimum FICO for AUS

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 8/27/2026. Not a commitment to lend.

Today's mortgage rates

Conventional

6.250%

6.288% APR

FHA

5.750%

5.780% APR

VA

5.750%

5.780% APR

Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.

Have a term sheet or loan estimate?

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Backed by a $2,000 Best Price Guarantee. Terms

Not ready to apply?

No pressure. Reach out with your scenario and we'll get back to you with a same-day response.

Jennifer Kirby

Rate Direct is run by Jennifer Kirby. Every loan is originated personally through Loan Factory Inc. Every email, text, and call comes from us directly, and we never sell your information.

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Find a lower rate elsewhere? We'll beat it or pay you $2,000. Send your competing Loan Estimate and we'll return a side-by-side comparison the same day.

FHA Mortgage Program | Rate Direct