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With Millennial Home Loans quick online loan application, determining if you qualify for a FHA Loan and for how much, has never been easier.
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FHA Loans.
Flexible Underwriting, Credit Scores Down to 580, High Debt-To-Income Ratios!
The most flexible low money down loan solution available, with no income or geographic eligibility restrictions
FHA Loan Program Benefits
- Low 3.50% Down Payment Requirements
- Down Payment Can Come from Cash-On-Hand and Flexible Sources Including Family Member Gifts and Loans Against a 401k Retirement Account
- Flexible Credit Requirements, with Credit Scores Down to 550
- Safe, Secure 30 Year Fixed Rate Mortgage or Lower Interest Rates with an Adjustable Rate Mortgage
- Seller Closing Cost Assist up to 6% of the Purchase Price of the Home
- Debt-To-Income Ratios as High as 56%
- Most Property Types Allowed
FHA Loan Qualification Requirements
- Down payments as low as:
- 3.50% of the purchase price with a minimum 580 middle credit score
- 10% of the purchase price with a minimum 550 middle credit score
- No foreclosure or short-sales permitted within the last 3 years
- No Chapter 7 bankruptcy within the last two years
- Property must meet FHA appraisal guidelines
- Loan limits based on maximum County income thresholds. Click here for loan limits in your area
Talk to a FHA Mortgage Expert
Not ready to apply online? No problem.
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Today's FHA Interest Rates
FHA Loan interest rates change on a daily basis.
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