Purchase
FHA Loan
Lower credit and down payment thresholds, backed by HUD.
Min. down payment
3.5%
Min. credit score
580
Gift funds
100% allowed
Terms
15 & 30 year fixed
Overview
FHA loans are insured by the Federal Housing Administration, letting us approve buyers with lower credit scores and smaller down payments. They're a powerful on-ramp to ownership — and you can refinance out of the mortgage insurance later.
Best for
- First-time buyers with limited savings
- Credit scores from 580 (sometimes lower with compensating factors)
- Buyers who need higher debt-to-income flexibility
When it's not the fit
- You have strong credit and 10%+ down (conventional usually wins)
- You want to avoid upfront and ongoing mortgage insurance
- The property won't meet FHA's condition requirements
How it works with BISU
- 1
We confirm FHA is the right tool versus conventional for your numbers.
- 2
We structure the down payment, including gift funds if you have them.
- 3
We pre-underwrite so your offer is competitive.
- 4
Later, we watch for the moment refinancing to drop mortgage insurance makes sense.
Frequently asked
Can my down payment be a gift?
Yes — FHA allows 100% of the down payment to come from an eligible gift. We'll handle the documentation.
Compare with other programs
View all loan programs →