FHA Loan

Updated 8 months ago ​by Aneesah Emeka

In a nutshell: 
A good option for those with high debt-to-income (DTI) ratios, which is the percentage of your monthly income that goes to paying your mortgage, loans, credit cards, & child support. 45% is generally the max DTI ratio, but FHA loans allow you to spend up to 57%. 


  • FHA loans can be obtained by buyers with credit scores as low as 580
  • They require only a 3.5% down payment instead of the conventional 5%.


  • FHA loans are insured by the government, so the premiums are higher than private mortgage insurers.