🏡 FHA Loans: You Don’t Need 20% Down to Buy a Home

You’ve heard of 20% down…

but 3.5% might be all you need to get started.

📊 What Buyers Should Know

• Minimum 3.5% down payment

• Backed by the Federal Housing Administration (FHA)

• Designed for primary residences only (not investments)

• More flexible credit requirements than many conventional loans

• Loan limits vary by area (higher in places like SoCal)

🧾 Basic Requirements

• ~580+ credit score → qualifies for 3.5% down

• 500–579 credit score → may require 10% down

• Steady income + employment history

• Must complete an FHA appraisal (home must meet condition standards)

• Property must be owner-occupied

⚠️ What to Expect

• Requires mortgage insurance (MIP)

• Monthly payment may be higher than putting more down

• Not all homes qualify (condition matters)

Bottom Line:

FHA loans are one of the most common ways buyers get into the market — especially if saving 20% feels out of reach.

📩📲 Comment or DM “FHA” if you want to see what this could look like for your situation.

———-

Realtor: Christian Gomez

Phone Number: (949)521-9423

Email: rechristiangomez@gmail.com

Website: re-cg.com

DRE 02242748

———

#FHALoan #FirstTimeHomeBuyer #LowDownPayment #HomeBuying101 #SoCalRealEstate #RealEstateTips #HomeOwnership #MortgageTips