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FHA loans in Twin Falls & the Magic Valley
FHA loans are insured by the Federal Housing Administration and are designed to help more people buy homes — especially buyers with modest down payments or credit that is still being rebuilt.
Who it's for
- ✓Buyers with a modest down payment saved
- ✓Buyers whose credit is still being rebuilt
- ✓First-time buyers who don't qualify for conventional financing yet
Typical requirements
- ✓Down payment as low as 3.5%
- ✓Credit scores as low as 580 (typical)
- ✓More flexible debt-to-income ratios than conventional loans
- ✓Mortgage insurance applies (upfront and monthly)
Pros
- Lower credit requirements than conventional loans
- Low minimum down payment
- Flexible debt-to-income guidelines
Considerations
- Mortgage insurance applies, both upfront and monthly
- FHA loan limits vary by county — check the current limit for yours
Common questions
Do FHA loans require mortgage insurance?
Yes. FHA loans carry mortgage insurance — an upfront premium and a monthly premium. We'll walk you through exactly how that affects your payment.
What's the FHA loan limit in my county?
FHA loan limits vary by county and change each year. Use HUD's FHA loan limit lookup tool, or just ask us and we'll check for you.
Not sure if this is your fit?
Take the 60-second quiz or apply now — we'll confirm what you qualify for.