FHA Loans

What Are FHA Loans?
FHA loans are government-insured mortgages designed to assist people in purchasing homes, even if they face financial challenges. With lower credit score requirements and down payments starting at just 3.5%, FHA loans open doors to homeownership for many.


Benefits of FHA Loan
Low Down Payments: Start your homeownership journey with as little as 3.5% down.
Flexible Credit Requirements: FHA loans accommodate a wide range of credit profiles, including less-than-perfect credit.
Competitive Interest Rates: Enjoy favorable rates thanks to government backing.
Support for Closing Costs: Closing costs can be shared with sellers or lenders, reducing upfront expenses.


Who Qualifies for FHA Loans?
To qualify for an FHA loan, you typically need:
    ✔️A credit score of at least 580 (or slightly lower with a larger down payment).
   ✔️ A stable income that you can verify.     
    ✔️A debt-to-income ratio that meets FHA guidelines.
    ✔️A property that meets FHA safety and appraisal standards.


Additional FHA Information
    ☑️Can be combined with Down Payment Assistance Grants 
    ☑️Down payment can come from a gift in most cases      


How We Can Help
At Michelle Thompson Group, we're dedicated to making the FHA loan process simple and stress-free. Whether you're getting pre-approved or ready to close, our experienced team will be by your side to ensure a smooth experience..


Ready to Make Your Dream Home a Reality?
Explore the possibilities of FHA loans today! Contact us for more information or get started on your application—we're here to help you turn your homeownership dreams into a reality.