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FHA home loans for first-time buyers.

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Discover The Benefits

See why an FHA loan is a good fit for first-time homebuyers.

Find out more
  • Low Down Payment
    FHA loans require as little as 3.5% of the loan as a down payment.
  • 100% Gift Funds Allowable
    Your entire 3.5% down payment can be a gift from parents, relatives or an employer.
  • Lower Closing Costs
    FHA loans allow sellers to give up to 6% of a home's purchase price to an FHA buyer to pay for loan closing costs.
  • Easier Credit Qualifying
    The FHA mortgage is designed to help make quality loan programs available to more people. Because it is government-backed, you can typically qualify for an FHA loan with a lower credit score than conventional alternatives.
  • Government Insured
    The FHA loan is insured by the government, and as an FHA approved Title II Lender with Direct Endorsement authority, Mortgage Lenders of America can offer options for home buyers that might not qualify for a conventional product.

Check Eligibility

See if you meet the requirements for a FHA home loan.

Take a look
  • Credit score ≥ 580
  • 3.5% down, gift funds accepted
  • Debt-to-income ratio less than 57%
  • Documentation of income and funds to close
  • Additional underwriting requirements will vary by borrower situation

Know More

Check out loan calculators, videos, tips, and articles to ensure you're up to speed.

Educate Me

Get Pre-Approved

Fill out a Pre-Approval form and start searching with confidence.

Get started
  • Determine what you can afford and focus your house-hunting efforts
  • Demonstrate to the seller that you have taken the initial steps to obtain a home loan which can be an advantage over other offers
  • Eliminate surprises; sometimes the pre-approval process can uncover minor issues that are easy to fix and help you get started on the right foot
  • It's free, takes just a few minutes and there's no obligation
  • Apply now!

To calculate your debt-to-income ratio, add up all your monthly debt payments and divide them by your gross monthly income.

Private Mortgage Insurance (PMI) is a policy which protects lenders or investors from possible loan default and is determined based on the loan to value ratio of the loan in question.