FHA Loans
Your Gateway to Homeownership
Achieve your dream of homeownership with as little as 3.5% down. FHA loans offer flexible credit requirements and government backing, making them perfect for first-time homebuyers.
Quick FHA Pre-Qualification
Get personalized FHA loan options with no impact to your credit score
What Are FHA Loans?
FHA loans are mortgages insured by the Federal Housing Administration, designed to make homeownership more accessible. These government-backed loans offer lower down payments, flexible credit requirements, and are especially beneficial for first-time homebuyers.
Low Down Payment
As little as 3.5% down payment required
Flexible Credit Requirements
Credit scores as low as 580 may qualify
Government Backing
Insured by the Federal Housing Administration
Quick Qualification Check
Get a personalized assessment with our pre-approval process
FHA Loan Requirements
FHA loans have more flexible requirements than conventional loans, making homeownership accessible to more people.
Credit Score
Debt Ratios
*Subject to AUS Approval
Down Payment
Down payment can come entirely from gift funds from family members.
2025 FHA Loan Limits
FHA loan limits vary by area. Here are the current 2025 FHA loan limits by area type.
Most Areas
High-Cost Areas
Alaska, Hawaii, Guam & U.S. Virgin Islands
FHA vs. Conventional Loans
See how FHA loans compare to conventional mortgages and why they might be the perfect choice for your homebuying journey.
Lower Down Payment
FHA: 3.5% minimum vs. Conventional: 3-20% required. Keep more money in your pocket for moving costs and improvements.
Flexible Credit
FHA accepts credit scores as low as 580, while conventional loans typically require 620+. Better access for first-time buyers.
Gift Funds Welcome
100% of down payment can come from family gifts with FHA loans. Conventional loans have stricter gift fund requirements.
Assumable Loans
FHA loans can be assumed by qualified buyers when you sell, potentially making your home more attractive to buyers.
Streamline Refinancing
FHA offers streamline refinancing with reduced documentation and no appraisal required in many cases.
Government Backing
FHA insurance protects lenders, allowing them to offer more flexible terms and better access to homeownership.
Success Stories
Real reviews from real homeowners who achieved their dreams.
Frequently Asked Questions
Get answers to the most common questions about FHA loans in Massachusetts
What is the minimum credit score for an FHA loan?
You can qualify for an FHA loan with a credit score as low as 580 for the 3.5% down payment option. If your credit score is between 500-579, you may still qualify but will need to put down 10%. Many lenders also offer manual underwriting for borrowers with unique credit situations.
Can I use gift money for my FHA down payment?
Yes! FHA loans allow 100% of your down payment and closing costs to come from gift funds. The gifts must be from eligible sources like family members, employers, or approved organizations. You'll need a signed gift letter stating the funds don't need to be repaid.
What is FHA mortgage insurance and how much does it cost?
FHA mortgage insurance protects the lender if you default on your loan. There are two parts: an upfront premium of 1.75% of the loan amount (which can be financed into your loan) and an annual premium of 0.55% to 1.05% of the loan amount, paid monthly. The exact rate depends on your loan amount, term, and loan-to-value ratio.
Do I have to be a first-time homebuyer to get an FHA loan?
No, you don't have to be a first-time homebuyer. FHA loans are available to any qualified borrower, regardless of whether you've owned a home before. The property must be your primary residence - you cannot use FHA loans for investment properties or vacation homes.
How long does it take to close on an FHA loan?
FHA loans typically take 30-45 days to close from the time your application is submitted. The timeline can vary based on factors like property appraisal scheduling, document processing, and underwriting workload. Our experienced team works to close as quickly as possible while ensuring accuracy.
What types of properties can I buy with an FHA loan?
FHA loans can be used to purchase single-family homes, condominiums (in FHA-approved buildings), townhomes, and 2-4 unit properties (if you live in one unit as your primary residence). Manufactured homes are also eligible if they meet FHA requirements and are permanently affixed to a foundation.
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