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.
Get personalized FHA loan options with no impact to your credit score
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.
As little as 3.5% down payment required.
Credit scores as low as 580 may qualify.
Insured by the Federal Housing Administration.
FHA loans have more flexible requirements than conventional loans, making homeownership accessible to more people.
FHA loan limits vary by area. Here are the current 2026 FHA loan limits by area type.
See how FHA loans compare to conventional mortgages and why they might be the perfect choice for your homebuying journey.
Get answers to the most common questions about FHA loans in Massachusetts.
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.
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.
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.
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.
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.
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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