Federal Housing Administration (FHA) Loans

What is an FHA Loan?

FHA Loans are government-backed loans that are ideal for first-time homebuyers who have limited savings for a down payment and less than perfect credit.

This means you can buy a home even if you have limited resources, making these types of loans some of the most popular among first-time buyers.

As an established FHA loan lender, our team here at Security First Financial will help you take the necessary steps to finance and move into your dream home...

Apply for an FHA Loan Online:

Click Here to Apply Online

What are the Requirements for an FHA Loan?

Down payments as low as 3.5%
Credit scores as low as 580
Intend to use the property as your primary residence
Steady income history, or you've at least worked for the same employer for the past two years
Must have a valid Social Security number & be a lawful U.S. resident
Have an appraisal performed on the property by an approved appraiser
Mortgage Insurance is required upfront (financed into the loan or paid in cash) and annually (paid monthly as part of the mortgage payment)

FHA Loan Highlights

Down payment can be gifted from a relative, borrowed from an eligible 401K or provided through an approved state or local program (learn more about down payment assistance programs)
Seller can contribute up to 6% of the purchase price towards closing costs
Co-signers are allowed, but must be eligible borrowers
Loan limits vary by county - Denver County loan limit - $561,200*, El Paso County Loan Limit - $339,250*, Arapahoe County loan limit - $561,200*
(Contact us for the FHA Loan Limits in your County)