MyFHA is a private company and is not a government agency.
We do not provide any loan modifications or foreclosure services, nor do we connect you with any providers of those services.

Do you need help with down payment or closing costs?

Reviewed and Updated, July 21 2011 9:37 am: As you may already know, FHA guidelines state you must have a 3.5% FHA down payment. This is much lower than the required 10-20% down payment with many conventional mortgages. However, in order to qualify for that 3.5% down payment, you’ll need a 580 middle credit score. Borrowers with lower than a 580 middle score must come up with a 10% FHA down payment.

If you don’t already know your credit score, you can find it out for FREE with our affiliate here. When you do so, you will see all three of your credit scores. The middle score is the one that is neither the highest nor the lowest: it truly is the “middle” score. Make a note of that score and write it down.

Some or all FHA down payment may come from gift funds or down payment assistance. In addition, another benefit of FHA mortgages is that the seller can pay for closing costs.

Ready to speak with one of our loan officers? Click Apply Now!
















































































Get Started

Get Started Lock Take the next step to owning a home! Our form only takes 1-minute and is safe and secure. Click here to get started.



follow-myfha.net
MyFHA Twitter Feed MyFHA Facebook Page

Bookmark and Share