Explore another path to homeownership.
FHA-insured mortgages can help eligible borrowers purchase or refinance a primary home. Work with a loan officer to review the property, down payment, and total loan cost.
Could this fit your plans?
- You intend to occupy the property as your primary residence.
- You want to compare FHA with conventional financing.
- You are a first-time or repeat buyer exploring available mortgage options.
What to have ready
Your exact checklist depends on the lender and your situation. A helpful starting point:
- Income and employment records appropriate to your situation.
- Asset statements and documentation for any eligible gift funds.
- Property information and the purchase contract, if you have one.
How lenders review this loan
These lender-specific examples show details that can shape your options. Your loan team will help you compare the requirements for your situation.
Document any gift funds
If someone is helping with funds to close, your team will review the donor’s eligibility and the required documentation.
Include mortgage insurance
FHA mortgage insurance is part of the cost comparison. Review it alongside the loan payment and other housing costs.
Review recent property sales
A recently resold home may need additional property-flipping and appraisal review before it can qualify.
A clear path forward.
Tell us what you have in mind
Start with your goal, property plans, and how you document income. Your loan team will help identify the relevant programs.
Review options with your loan officer
Compare the documentation, estimated costs, and payment structure. Understand what the lender needs before you move forward.
Build your application together
Your team guides you through the requested documents, lender review, and remaining steps toward closing.
Questions about fha loans?
Do I have to be a first-time homebuyer?
No. FHA loans may be available to eligible first-time and repeat borrowers, subject to occupancy and other program requirements.
Can I use an FHA loan for an investment property?
FHA financing generally requires you to occupy the property as your primary residence. If you are buying solely for investment, explore the investor programs offered through VirtuaLending.
Does the property need an appraisal?
An FHA purchase generally requires an appraisal and review against applicable property requirements. Your loan team can explain the process and any issues that must be addressed.
Let’s find the right next step.
Start with a few details, then work with our loan team to compare your options.
Programs are subject to lender availability, borrower and property eligibility, and underwriting approval. This information is not a commitment to lend.