Redfin

FEBRUARY 18, 2025

FHA loans An FHA loan is a mortgage loan that’s insured by the Federal Housing Administration (FHA). This means the FHA guarantees the loan, which makes lenders more willing to offer mortgages to people who might not qualify for a traditional loan.

Closing costs

The Mortgage Report

JULY 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

Equity

Housing Wire

AUGUST 7, 2025

The company also recently cut rates on Federal Housing Administration (FHA) loans, with some qualifying borrowers seeing up to 50 bps off their interest rate. “The discount is designed to attract prospective buyers by offering meaningful rate savings at a time when the housing market is out of reach for many,” he said.

Lending

Redfin

JULY 24, 2025

According to Redfin Real Estate, the minimum down payment for first-time homebuyers varies depending on the type of loan. Many loans offer down payments as low as 3% or even 0%. Here’s a quick breakdown: FHA loans, for example, typically require 3.5% VA and USDA loans may offer 0% down for eligible borrowers.

FHA loan

Marco Santarelli

DECEMBER 21, 2024

FHA and VA Loans For low-income or first-time homebuyers, FHA loans provide essential options. These loans are insured by the Federal Housing Administration and require lower credit scores and down payments. Current Rate for 30-Year FHA : 5.58% Pros : More accessible for first-time buyers.

Mortgages

Marco Santarelli

MARCH 4, 2025

VA Loans: For eligible veterans, VA loans offer great benefits, including no down payment and often lower interest rates. FHA Loans: FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or smaller down payments. ARMs can be risky.

Mortgages

Marco Santarelli

DECEMBER 22, 2024

Government Loans (FHA/VA) : These loans typically cater to those who might not qualify for conventional mortgages. FHA loans have low minimum requirements for credit and down payments, making them accessible. VA loans are available to veterans and active military members with favorable terms and conditions.

Mortgages

The Mortgage Report

JULY 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? If you want to put zero down, try applying for a: USDA loan.

FHA 203k rehab loan

Redfin

JULY 30, 2025

Which loan is right for you? Conventional loans: You have a credit score of 620+, stable income, and can put at least 3% down. FHA loans: You have a credit score of 580+ (or 500+ with 10% down) and a higher DTI ratio. VA loans: You’re an eligible veteran, active-duty service member, or surviving spouse.

Loans

Redfin

JULY 23, 2025

FHA loan (government-backed option): Minimum 3.5% FHA loans are fantastic if you have a lower credit score or fewer savings. The trade-off is you’ll pay FHA Mortgage Insurance Premium (MIP), which is usually for the life of the loan in most cases. FHA loans – as low as 3.5%

FHA loan

Marco Santarelli

MAY 14, 2025

Government-Backed Loans : These are designed to assist specific types of borrowers, such as veterans or low-income individuals. VA Loans : Offered to veterans and active-duty military personnel, these loans typically require no down payment and have favorable terms.

Mortgages

The Close

NOVEMBER 25, 2024

Simply put, it’s a residential building with more than one unit designed to house multiple families. The right loan type for your investment depends on the property you choose to buy, so you need to be informed about each property type before shopping for homes. What Is Multifamily Property?

Purchase and sale agreement

Redfin

JUNE 27, 2025

What many first-time buyers don’t realize is that there are national, state, and even local programs designed to help break down these barriers for new buyers. These are tailored specifically for first-time buyers offering down payment assistance, grants, or credits to reduce how much you pay in interest on your loan.

Pre-approval

The Mortgage Report

JUNE 12, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

VA loan

Marco Santarelli

MAY 9, 2025

Lower Down Payment Options: There are some government programs, like FHA loans, that allow people to put down as little as 3.5%. Discover high-quality, ready-to-rent properties designed to deliver consistent returns. This can help with monthly payments, although as we saw, the high prices often negate this benefit.

Debt-to-income ratio

Marco Santarelli

MARCH 11, 2025

Veterans Affairs (VA) Loans : For eligible veterans, active-duty service members, and some members of the National Guard and Reserves, VA loans offer favorable terms, such as no down payment and lower interest rates, making homeownership more accessible to those who have served in the military.

Fixed-rate mortgage

The Mortgage Report

JULY 22, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

Redfin

JANUARY 28, 2025

FHA loans These loans are popular for their flexible credit requirements and low down payment options, which make homeownership more accessible. FHA loans are assumable , but the buyer must meet the lenders approval criteria, including a sufficient credit score and stable income.

Loans

Redfin

JULY 31, 2025

What to do instead: Take time to research different loan types, including FHA loans with low down payment requirements, VA loans for eligible veterans, USDA loans for rural areas, and adjustable-rate mortgages (ARMs) that may offer lower initial rates. FHA Loan: Require only 3.5%

VA loan

The Mortgage Report

AUGUST 5, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? In this article (Skip to.)

FHA 203k rehab loan

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help.

Purchase and sale agreement

Marco Santarelli

FEBRUARY 16, 2025

VA and FHA Loans : Competitive rates with a 30-year VA at 5.98% and FHA rates starting at 5.75%. Understanding VA and FHA Loans For first-time homebuyers or those with limited funds for a down payment, VA (Veterans Affairs) and FHA (Federal Housing Administration) loans are two excellent options to consider.

FHA loan

Redfin

APRIL 11, 2025

Government-backed loans : Low or no down payment loans that can be particularly beneficial for starter home buyers. FHA loans : Often feature lower down payment and credit score requirements. VA loans: May not require a down payment for eligible veterans and active-duty military.

Marketing

Norada Real Estate

JUNE 7, 2025

Government Loans Government-backed loans usually present favorable terms for first-time homebuyers or those with lower credit scores. FHA and VA loans are prominent in this category. FHA loans, with their lower down payment requirements, can be particularly attractive to those entering the housing market.

Mortgages

Redfin

JULY 30, 2025

You’re buying in a designated redevelopment area, where certain programs have less strict rules. It’s important to note, however, that your credit score influences your interest rate and loan options. You can also be considered a first-time buyer if: You’ve shared ownership of a house with a spouse in the past, but are now buying solo.

Pre-approval

Redfin

JULY 28, 2025

A homeowner’s education course is required for this loan as well. Credit score: 620-660 Down payment minimum: 3% DTI: 43% or less AMI: 80% or less FHA loans A Federal Housing Administration (FHA) loan is a flexible alternative for those who don’t meet the requirements for conventional loans.

VA loan

HomeLight

MAY 15, 2025

This can extend to dual agency, designated agency, and more, and in states like New York, this is mandatory. Prioritize a cash offer if you receive one On occasion, conventional lenders may even finance a fixer-upper property sold as is , and its not impossible to finance a fixer-upper with an FHA loan.

As-is

Rochester Real Estate

NOVEMBER 5, 2015

While this type of loan is a good option for many real estate consumers, I believe there are several quirks all buyers should know about and understand if they are considering an FHA loan. Did you know if you file a Chapter 13 bankruptcy, you can immediately apply for an FHA loan? Happy house hunting!

Finance

The Mortgage Report

AUGUST 7, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

Equity

Redfin

JULY 21, 2025

of your loan amount per year. PMI is designed to protect the lender’s investment, but reaching the 20% down payment threshold often allows you to forgo this extra expense. Most lenders prefer a DTI that is less than 36%, but many lenders offer exceptions for ratios up to 45% or 50% for an FHA loan.

Debt-to-income ratio

Redfin

JUNE 27, 2025

There are a number of first-time home buyer benefits designed to make homeownership more affordable, from down payment assistance to tax credits and more. You’re buying in a designated redevelopment area, where some programs relax the rules (even for repeat buyers). Let’s break it down: FHA loans require as little as 3.5%

Debt-to-income ratio

The Close

MAY 20, 2025

Loan terms: 15-30 year fixed rate Time to funding: Within 60 days Minimum credit score: 620 Visit Pennymac Conventional commercial mortgage loans SBA 504 SBA 7(a) SBA microloans Business loans and lines of credit Commercial mortgage loan terms: Loan amount: $250,000-$5 million Interest rates: As low as 4.5%

Loans

Redfin

JULY 18, 2025

of your loan amount per year. PMI is designed to protect the lender’s investment, but reaching the 20% down payment threshold often allows you to forgo this extra expense. Most lenders prefer a DTI that is less than 36%, but many lenders offer exceptions for ratios up to 45% or 50% for an FHA loan.

Debt-to-income ratio

Redfin

JULY 24, 2025

It’s not designed to protect you, the homeowner. Lenders typically require PMI on conventional loans when your down payment is less than 20% of the home’s purchase price. These loans also typically do not require a down payment and have lower mortgage insurance costs compared to conventional or FHA loans.

FHA loan

Marco Santarelli

MAY 2, 2025

These are often “teaser” rates designed to grab your attention, and they might come with hidden costs or strict requirements. Save For a Larger Down Payment: Putting down more money upfront can reduce your loan-to-value ratio (LTV), which can qualify you for a lower rate. Don't Fall For the “Teaser” Rates!

Mortgages

Redfin

JULY 22, 2025

of your loan amount per year. PMI is designed to protect the lender’s investment, but reaching the 20% down payment threshold often allows you to forgo this extra expense. Most lenders prefer a DTI that is less than 36%, but many lenders offer exceptions for ratios up to 45% or 50% for an FHA loan.

Debt-to-income ratio

HomeLight

MARCH 7, 2025

Prioritize a cash offer if you receive one On occasion, conventional lenders may even finance a fixer-upper property sold as is , and its not impossible to finance a fixer-upper with an FHA loan.

As-is