FHA Loans

FHA Loans

FHA loans in 2026 have higher borrowing limits, 3.5% down payment if your credit score is 580 or more, and mortgage insurance included in your monthly payment. If your credit score is less than 580, there is a required 10% downpayment.

FHA mortgages are only for those who will be living in the home, it's not for investment property or flipping.

New loan limits for Single Family Title II forward and Home Equity Conversion Mortgages Increase for calendar year 2026

FHA's Single Family mortgage loans help homebuyers finance, or current homeowners refinance a home.
FHA is for purchaing, renovations and/or repairs, energy-efficiency improvements, new construction, and other needs that you can discuss with your mortgage lender. Your lender will know which mortgage programs meet your housing needs for individuals and families across the country.

• Home Buying or Refinancing
  *Basic home mortgage 203(b), Adjustable rate mortgages, Condominium mortgage, Refinance loans, and/or cash-out refinance.
• Renovations, Repairs, and New construction
  *Rehabilitation mortgages 203(k), Title I property improving, Disaster victims mortgages 203(h).
• Provide Home Loans for Seniors Ages 62 Years or Older
  *Reverse mortgages for seniors and Home equity conversion mortgages may be options you need to know.
• Manufactured Home with otr without a lot
  *Manufactured housing (Title I), ask about financing Manufactured homes under Title I
• Energy efficient improvements
  *These mortgages are under Rehabilitation 203(k), Title I home improvements, and Disaster victims mortgage 203(h)

When you meet with Mr. Jones, ask about the FHA single family home mortgage programs. He has been in the mortgage business for 22 years and prior to that, he was in the financial industry. He knows various remedies if you are unsure of anything that may be a roadblock to owning a home.
The 2026 Nationwide Forward Mortgage Limits are designed to help home owners. The limits for a one unit property in 2026 are: $541,287 and $1,249,125. You can learn more at www.hud.gov and discuss the best options with your lender.

FHA loans are a great benefit when you meet the requirements. In the future, you can sell and step up to another home with a different loan.