Government Loan
FHA Home Loan
Government-insured financing with flexible credit requirements and down payments as low as 3.5% — a popular path for first-time buyers.
Program Highlights
- 3.5% down with a 580+ credit score; 500–579 may qualify with 10% down
- More flexible credit history requirements than conventional loans
- Mortgage insurance premium (MIP) applies — removable later by refinancing
Wondering if a fha home loan fits your situation? Call (360) 961-2676 or email KristinaBoyko@tristarfinance.com — no pressure, no obligation.
FHA Home Loan FAQs
How much do I need down for an FHA loan?
The FHA minimum down payment is 3.5% for borrowers who meet the credit guidelines. Down payment funds can come from savings or from a gift from a family member, which makes FHA a popular path for first-time buyers.
Do FHA loans require mortgage insurance?
Yes — FHA loans include an upfront mortgage insurance premium (which can be financed into the loan) and a monthly premium. Depending on your down payment, the monthly premium may last for the life of the loan; many FHA borrowers later refinance into a conventional loan once they've built enough equity. I'll show you the full monthly picture before you commit.
Is FHA only for first-time homebuyers?
No — that's a common myth. FHA loans are open to repeat buyers too, as long as the home will be your primary residence and the loan amount fits within the FHA limit for your county.
FHA or conventional — which is better for me?
It depends mostly on your credit profile and down payment. Stronger credit often makes low-down-payment conventional cheaper; FHA tends to win for buyers with thinner or recovering credit. The honest answer requires running both against your actual numbers, which I do as part of every pre-approval.
Ready to Explore Your Options?
Apply online in minutes — I'll review your application personally and walk you through the programs that fit.