Types of FHA Loans
Purchase Loans
With low down payments and flexible credit standards, you can purchase the home of your dreams.
203(k) Loans
For seamless home improvement, finance your house purchase and renovation costs jointly using FHA 203(k) Loans.
Refinance Loan
Simplify your mortgage with an FHA refinance loan. Take advantage of flexible refinancing options and lessened interest rates.
Streamline Loans
Streamline loans simplify the process with reduced paperwork, offering borrowers a more convenient path to lower interest rates.
SECURE YOUR HOMEOWNERSHIP
Why Rely on Sistar Mortgage?
When it comes to FHA loans in the USA, Sistar Mortgage is your trusted partner. As an approved lender for Federal Housing Administration (FHA) loans, we offer expert guidance throughout the process. Our team understands the eligibility criteria and necessary documentation for FHA loans, ensuring a smooth experience. Benefit from our personalized solutions tailored to your specific needs. Whether you're a first-time homebuyer or seeking to refinance, rely on Sistar Mortgage's expertise in FHA loans. Experience the convenience of working with a trusted lender dedicated to making your homeownership dreams a reality.
Who Can Apply For A FHA Loan?
FHA home loans function largely in the same way as other types of mortgage loans. You must meet the qualifications based on your income, credit history, and employment history, as well as establish your capacity to pay the down payment and closing expenses. However, the conditions for FHA Loans are substantially different from those of other financing programs.
First-time Homebuyers
Those who are investing in their first house can get qualified for FHA financing.
Low/Moderate Income Borrowers
FHA loans provide options for borrowers with lower income levels.
Borrowers with Limited Credit History
FHA loans are available to those who have little or no credit history, as well as those with unusual credit profiles.
Existing Homeowners
Owners of existing homes may also apply for FHA loans to refinance their existing mortgages.
Fueling Your Home Buying Journey
Set Up Your Loan Process In A Few Minutes
Provide Information
To provide optimal options, we first learn a little about you and your home-buying objectives.
Credit Review Process
You need genuine numbers if you want sellers to trust you. Receiving permission depends on your credit score.
Determine Financial Capabilities
Provide information about your income, regular expenses, and housing savings. Our mortgage lenders for refinancing will figure out your house's maximum price.
Create a Proposal
You may quickly alter your permission letter so sellers won't be aware if you submit an offer lower than what you've been authorized for.
Low Down Payment
Benefit from the ease of homeownership provided by the low down payment requirement.
Flexible Credit
These loans provide credit needs flexibility, assisting borrowers with a range of credit profiles.
Refinancing choices
FHA loans provide choices for streamlined refinancing, making it simpler to reduce monthly mortgage payments.
Other Available Loan Options
Discover additional loan options offered by Sistar Mortgage. Explore our array of loan options, including FHA, VA, Jumbo, and more. Our expert team will guide you towards the perfect fit.
What Our Clients Have To
Say About Us!
“I felt Sistar Mortgage was an excellent fit for me. When they went through the procedure and gave me the specifics, the staff was kind and patient with me. The loan officer was kind, considerate, and thorough in his contacts.”
Ethan H
Great Experience
“They have excellent loan officers who educated me about loans. They’re extremely helpful in obtaining the best financing for us and getting us approved and ready to buy. Many thanks to Sistar Mortgage and Team!”
Benjamin Cooper
Team of Professionals
“We thoroughly recommend Sistar Mortgage’s loan officer and loan processor. Begin the mortgage lenders for refinancing. They made the loan application procedure simple.The process was as easy-going as we could have hoped. I appreciate everything.”
Olivia Miller
Highly Recommended
Frequently Asked Questions
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. Because the FHA insures the lender against default, lenders can offer more flexible credit and down payment requirements. FHA loans are ideal for first-time buyers or those rebuilding their credit.
Borrowers with a credit score of 580 or higher can qualify for a 3.5% down payment. Those with scores between 500 and 579 are required to put down at least 10%. Down payment funds can come from savings, gifts from family, or eligible down payment assistance programs.
FHA allows credit scores as low as 500, though most lenders set their own overlays and prefer 580 or higher. The 580 threshold is important because it's the cutoff for the 3.5% minimum down payment. Borrowers between 500 and 579 may still qualify with 10% down.
FHA loans require both an upfront MIP of 1.75% of the loan amount and an annual MIP added to monthly payments. For loans with less than 10% down, MIP remains for the life of the loan. If you put down 10% or more, MIP is removed after 11 years. This is a key reason many borrowers refinance into a conventional loan once they have 20% equity.
In 2026, FHA loan limits range from $524,225 in lower-cost counties to $1,209,750 in high-cost areas for a single-family home. Limits are set annually by HUD and vary by county. Multi-unit properties (2–4 units) have higher limits, making FHA a viable option for house-hackers.
FHA loans can be used for single-family homes, FHA-approved condominiums, multi-unit properties up to four units (if you occupy one unit), and HUD-approved manufactured homes. All properties must meet minimum FHA safety and habitability standards confirmed by an FHA appraisal.
Yes. FHA has shorter waiting periods than most loan types. After a Chapter 7 bankruptcy, you typically need to wait 2 years. After a foreclosure, the standard waiting period is 3 years. Some exceptions apply for documented extenuating circumstances such as job loss or serious illness.
FHA guidelines allow a maximum DTI of 57% in some cases, though most lenders cap it at 50%. A housing ratio (front-end DTI) of 31% or lower is preferred. Higher DTIs may be accepted with compensating factors like strong reserves, a large down payment, or significant residual income.
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