FHA Loans · 11 states
Backed by the Federal Housing Administration, FHA loans help buyers with smaller savings or a credit history that is still being rebuilt. I guide you through the details in the 11 states where I am licensed.
Licensed in 11 states
Compare many lenders
No-pressure advice
The Basics
FHA loans are insured by the Federal Housing Administration. That insurance lets lenders approve borrowers with lower credit scores and smaller down payments than many conventional programs allow.
FHA loans include mortgage insurance premiums, so they are not always the cheapest option. I compare FHA with conventional financing so you can see which one costs you less over the time you plan to own the home.
With a credit score of 580 or higher, you can typically buy with 3.5% down. Scores between 500 and 579 usually need 10% down.
FHA guidelines allow a wider range of credit histories, including borrowers rebuilding after past setbacks.
Your down payment can often come from a family member or other approved source, with proper documentation.
FHA loans can generally be assumed by a qualified buyer, and existing FHA borrowers may qualify for a streamlined refinance.
How It Works
01
I review your credit and income first so you know where you stand.
02
I run FHA against conventional and other programs, side by side.
03
Complete your application and send documents through a secure portal.
04
The home must meet FHA property standards. I keep you updated through closing.
Where I Lend
I am licensed in VA, FL, TN, GA, NC, SC, MD, DC, WV, TX and KY. Here is what I watch in three popular markets.
Virginia
FHA loan limits vary by county and are higher in Northern Virginia's high-cost areas. I check the current limit for your county before you shop.
Tennessee
THDA programs can sometimes be combined with FHA financing for eligible buyers, which may add down payment help.
Georgia
Georgia Dream programs can work with FHA loans for eligible buyers. I confirm eligibility and layering rules before you apply.
Common Questions
Many lenders look for 580 or higher for the lowest down payment, and some accept lower scores with more down. Requirements vary by lender.
FHA charges an upfront premium, which can be financed, plus a monthly premium. With less than 10% down, the monthly premium generally lasts the life of the loan, so we plan for a refinance later if it makes sense.
Yes, if the condo project is FHA approved, or you can buy up to four units if you live in one of them. Property standards apply.
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Next Step
Share your situation and I will compare FHA against your other options. No pressure and no obligation.
Duane Buziak, NMLS #1110647, Coast2Coast Mortgage, LLC, NMLS #376205. Licensed in VA, FL, TN, GA, NC, SC, MD, DC, WV, TX and KY. Equal Housing Lender. This information is educational and is not an indication of loan qualification, approval or a commitment to lend. Rates, programs and guidelines change and are subject to credit approval.
