FHA Loan
The gateway loan for first-time buyers with limited down payment or thinner credit.
Use this page as a benchmark, not as a guaranteed quote or eligibility promise. The price, rate, fee, coverage, or feature set can change with location, customer profile, promotional timing, scope, and provider terms. Compare the current source disclosure before you buy or sign.
FairPrice Guru keeps the benchmark separate from the provider's marketing. A higher price is not automatically unfair when it buys more coverage or a better scope, and a lower headline price is not automatically better when fees, restrictions, or missing features change the real cost.
Price and terms
- Typical: $7.25 APR %
- Range: $6.60–$7.95
FairPrice score: 78/100
Features
- 3.5% down minimum
- Credit score 580+
- Mortgage insurance required
Pros
- Low down payment
- Lenient credit
Cons
- MIP for the life of the loan
- Loan limits by county
Best for
- first-home
- low-down-payment
- lower-credit
Official source · Last verified 2026-07-04