Frequently Asked Questions
Learn About FHA Loans and How You Can Qualify
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What is the minimum down payment I can make for an FHA loan?
The minimum down payment is expressed in percentage of the loan, not in a dollar amount. FHA loan rules specify that this amount is 3.5%, but in some cases the lender may require a higher down payment...
What do I need to know about earnest money and closing cost rules?
Borrowers don't usually know this, but lenders are required to verify where earnest money and closing costs come from. These FHA requirements are outlined HUD 4000.1, otherwise referred to as the Sing...
