FHA loans are government-insured mortgages designed to help first-time and low-down-payment buyers become homeowners. G Elite Capital originates FHA purchase and refinance loans nationwide.
FHA program highlights
Flexible credit and down payment requirements make FHA the top choice for many first-time buyers.
3.5% minimum down payment
FICO scores from 580 (500 with 10% down)
Gift funds allowed for full down payment
Debt-to-income ratios up to 56.9% with compensating factors
15 and 30-year fixed options
FHA 203(k) renovation loans available
Frequently asked questions
What credit score do I need for an FHA loan?
580 FICO for 3.5% down, or 500–579 with 10% down. Most lenders overlay to 620+.
Can I use an FHA loan for an investment property?
No — FHA loans require owner occupancy. You must move in within 60 days of closing and live there for at least one year.