An FHA-insured path to the home you are working toward.
Explore FHA-insured mortgage options for eligible borrowers and properties. Available options are subject to application review, verification, lender guidelines and underwriting approval.
(938) 201-5656Program availability and eligibility depend on borrower profile, property, credit, income, equity, documentation, lender guidelines, and underwriting approval. This is not a commitment to lend or extend credit. Uptiq Premier Mortgage, LLC | NMLS 2362651. Equal Housing Opportunity.
Quick program summary
An FHA loan is a mortgage made by an approved private lender and insured by the Federal Housing Administration, part of the U.S. Department of Housing and Urban Development.
- Mortgage insured by the Federal Housing Administration and issued by approved lenders
- Often used by first-time and returning buyers with limited down payment funds
- Purchase and refinance scenarios may be considered
- Property must meet FHA condition and appraisal requirements
- Mortgage insurance premiums apply under FHA rules
What is fha loans?
With an FHA loan, the government does not lend the money. HUD's Federal Housing Administration insures the loan, which reduces the lender's risk and allows approved lenders to consider borrowers who might not fit conventional guidelines.
The trade for that insurance is a set of program rules: FHA appraisal and property condition standards, occupancy requirements, and mortgage insurance premiums that are part of every FHA loan.
Transactions commonly considered include purchasing a primary residence, refinancing an existing loan into FHA financing, and FHA-to-FHA refinances for eligible borrowers.
Before requesting a review, it helps to know the property type, whether you will occupy it as your primary residence, and the funds available for the down payment and closing.
Who may want to explore it?
May be worth exploring if your available down payment is limited
Could be considered when credit history is still being rebuilt
Options may be available for first-time buyers navigating their first purchase
May fit buyers of eligible 1-4 unit properties who will occupy one unit
Could be considered for borrowers refinancing an existing FHA loan
What this program may offer.
FHA insurance backs the lender, which can widen the range of borrower profiles an approved lender may consider.
FHA financing is intended for primary residences, including eligible 1-4 unit properties where the borrower occupies a unit.
FHA rules allow certain documented gift funds toward the down payment, subject to source verification.
Rate-and-term and FHA-to-FHA refinance options may be available to eligible borrowers.
FHA loans may be assumable by a qualified buyer under FHA rules, subject to lender approval.
UPM works with FHA-approved lenders and compares overlays that differ from one lender to the next.
Important considerations
- FHA loans include both an upfront and an annual mortgage insurance premium under HUD rules.
- The property must meet FHA appraisal and minimum property condition requirements.
- FHA financing is for owner-occupied properties, not investment purchases.
- Individual lenders may apply overlays that are stricter than FHA's published guidelines.
- FHA loan limits vary by county and property size and change periodically.
Options we can review
- FHA purchase of a primary residence
- Eligible 1-4 unit owner-occupied purchase
- FHA rate-and-term refinance
- FHA-to-FHA refinance for eligible borrowers
- Condominium purchase in an FHA-eligible project
Three steps, no guesswork.
Review FHA's insured structure, property requirements and mortgage insurance so the trade-offs are clear before you apply.
Tell the Guide about the property, occupancy and your timeline to start an FHA review.
A licensed mortgage professional compares FHA against conventional and other options and explains what the file may support.
Frequently asked questions.
No. Approved private lenders make the loan and the Federal Housing Administration insures it. HUD publishes the program rules.
Yes. FHA loans include an upfront mortgage insurance premium and an annual premium collected monthly, under HUD's rules.
FHA financing is intended for primary residences. An eligible 1-4 unit property may be considered if you occupy one of the units.
An FHA appraisal includes minimum property condition requirements. That is not the same as a private home inspection, which is still recommended.
FHA rate-and-term and FHA-to-FHA refinance options may be available to eligible borrowers, and refinancing into conventional financing may also be considered.
Overlays are additional requirements a specific lender applies on top of FHA guidelines. Because they vary, comparing lenders matters on FHA files.
No. FHA limits are set by county and by the number of units, and they are updated periodically by HUD.
Other paths worth comparing.
Ready to see what fha loans could look like for you?
Start with the UPM Mortgage Guide, then review possible options with a licensed mortgage professional.
(938) 201-5656Program availability and eligibility depend on borrower profile, property, credit, income, equity, documentation, lender guidelines, and underwriting approval. This is not a commitment to lend or extend credit. Uptiq Premier Mortgage, LLC | NMLS 2362651. Equal Housing Opportunity.