What is FHA Loans?
FHA loans are mortgage loans insured by the Federal Housing Administration (FHA), a government agency within the U.S. Department of Housing and Urban Development. They are one of the most popular loan options for first-time homebuyers because they allow lower down payments and credit score requirements than most conventional loans.
At Roxford Holdings, our FHA loan program offers down payments as low as 3.5% for borrowers with credit scores of 580 or higher, making homeownership accessible to a wider range of buyers. FHA loans also feature more flexible debt-to-income ratios and are assumable, meaning a future buyer could take over your mortgage terms.
FHA loans require mortgage insurance premiums (MIP), which protect the lender in case of default. However, the trade-off is significantly easier qualification requirements and lower upfront costs, making them an ideal choice for buyers who may not qualify for conventional financing.
How it compares: Unlike conventional loans, FHA loans are government-insured and allow lower credit scores and smaller down payments, but require mortgage insurance for the life of the loan.
Who Qualifies for FHA Loans?
How to Apply for FHA Loans
Get pre-approved by submitting your financial documents to Roxford Holdings
Find an FHA-eligible property and make an offer
Complete the FHA appraisal to ensure the property meets minimum standards
Finalize your loan with underwriting review and closing disclosure
Close on your new home — typically within 30-45 days
Key Features
Benefits
Requirements
Primary residence only
Property must meet FHA standards
Mortgage insurance required
Debt-to-income ratio typically under 57%
Steady employment history
Frequently Asked Questions
FHA loans require a minimum down payment of 3.5% for borrowers with credit scores of 580 or higher. Those with credit scores between 500-579 may qualify with a 10% down payment.
No, FHA loans are only available for primary residences. You must live in the property as your main home for at least one year after purchase.
At Roxford Holdings, FHA loan pre-approval typically takes 24-48 hours. The full process from application to closing usually takes 30-45 days.
FHA loan limits vary by county. In most areas, the standard limit is $498,257 for single-family homes, with higher limits in high-cost areas reaching up to $1,149,825.
Ready to Get Started with FHA Loans?
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"They explained to us in very detailed step by step information for first time house buyers."
Jessica A.
First Time Home Buyer
Roxford Holdings Inc
"Buying my first home was something I thought would be impossible, but Martin and his team made the whole process smooth and possible. I highly recommend working with him and his team, they really do make dreams come true."
Rigo D.
First Time Home Buyer
Roxford Holdings Inc
"Martin helped my husband and I refinanced our mortgage. We went to several locations; however, I'm glad we didn't settle. Martin was able to lower our interest rate. The process was fast and smooth; which, it is highly appreciated. Martin, is knowledgeable and respectful. Thanks Martin!!!!"
Araceli M.
Mortgage Refinance Client
Roxford Holdings Inc
"They explained to us in very detailed step by step information for first time house buyers."
Jessica A.
First Time Home Buyer
Roxford Holdings Inc
"Buying my first home was something I thought would be impossible, but Martin and his team made the whole process smooth and possible. I highly recommend working with him and his team, they really do make dreams come true."
Rigo D.
First Time Home Buyer
Roxford Holdings Inc
"Martin helped my husband and I refinanced our mortgage. We went to several locations; however, I'm glad we didn't settle. Martin was able to lower our interest rate. The process was fast and smooth; which, it is highly appreciated. Martin, is knowledgeable and respectful. Thanks Martin!!!!"
Araceli M.
Mortgage Refinance Client
Roxford Holdings Inc