FHA loans explained: 3.5% down with a 580+ score, gift funds, mortgage insurance, property standards, and refinance options.
Collin Jorden, Mortgage Loan Advisor
Jorden Mortgage Solutions - Powered by EDGE Home Finance
Phone: (830) 481-1249
Email: [email protected]
NMLS# 2103826
Company NMLS# 891464
Licensed in: TX
FHA loans explained: 3.5% down with a 580+ score, gift funds, mortgage insurance, property standards, and refinance options.
Programs
The FHA buyer playbook
FHA can open the door when credit is still growing or monthly debts are snug. We’ll price the mortgage insurance, property rules, and alternatives—not just celebrate 3.5% down.
Tap the signals that fit. This is a conversation starter, not a qualification result.
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Three numbers grow together: down payment, closing costs, and mortgage insurance.
Example figures are illustrative and for education — your numbers depend on price, program, county, and negotiation.
The familiar buying path, with two FHA-specific checkpoints.
The answer changes with score, debt ratio, price, and how long you expect to keep the loan.
Simplified for orientation — details like loan limits (we stay within conforming and FHA limits), DTI ceilings, and rates get worked through together.
Including the mortgage-insurance and appraisal parts the cheerful brochures skip.
We’ll compare FHA and conventional with the same home price and honest full-payment math.
Guidance for every chapter — education first, jargon never. We’d rather teach you the math than talk you into a payment.
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Mon–Sat · 8a–6p CT
Equal Housing Opportunity.
This is not a commitment to lend. Program details, rates, and payment figures are illustrative, change often, and depend on your full application.