FHA Mortgage Program
FHA purchase program featuring down payment assistance and an optional 2/1 buydown, with no maximum income restrictions or first-time homebuyer requirements.
Underwriting at a glance
- Minimum FICO
- 600+
- Max LTV (purchase / rate-term)
- 96.5%
- Max LTV (cash-out)
- -
- Loan amount
- $5,000 - ?
- Documentation
- full-doc
- States
- most states
Highlights
- •2/1 Buydown option available with 24-month term
- •No maximum income restrictions
- •No first-time homebuyer requirement
- •Manual underwrites allowed with 660 minimum FICO
- •Non-occupied co-borrowers allowed per FHA guidelines
- •Second mortgage lien forgiveness options of 3, 5, and 10 years
- •2/1 Buydown option available
- •No first time home buyer requirement
- •Manual underwrites allowed
- •Non-occupied co-borrowers allowed
- •Second mortgage lien forgiven after 10 years
- •2/1 Buydown option available with 24 month term
- •Manual underwrite available with 660 minimum FICO
- •100% CLTV with 3.5% DPA
- •Second mortgage lien forgiven after 3 year term
- •2/1 buydown option available with 24 month term
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.