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3.5% down · Low MIP · From 5.750%

Buy Your Home.
3.5% Down.

Your home buying earned you the most powerful home loan in America. No down payment. No mortgage insurance. Rates from 5.750%. Close in as little as 21 days.

Get Pre-Approved (702) 696-9900

No SSN required · No credit impact · 60-second quote · NMLS #65506

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Total funded
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Average close
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Down payment
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PMI ever
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Down Payment: FHA vs Everyone Else

See how much cash you keep with a FHA home purchase vs FHA and conventional.

On a $400,000 home purchase:
FHA Loan
3.5% down+ low MIP
Best deal
FHA Loan
$14,000 down+ $251/mo MIP
3.5%
Conv 5%
$20,000 down+ $183/mo PMI
5%
Conv 20%
$80,000 down+ low MIP
20%
FHA ADVANTAGES

Why Buyers Choose FHA Home Purchases

3.5% Down Payment

100% financing

3.5% Down Payment

FHA loans offer 100% financing. On a $400K home, that keeps $14,000-$80,000 in your pocket vs FHA/conventional options.

Low MIP Ever

Save $150-400+/mo

Low MIP Ever

Unlike FHA (MIP for life) and conventional (PMI until 20% equity), FHA loans never charge mortgage insurance. Saves $1,800-$4,800+ per year.

Lowest Rates

From 5.750%

Lowest Available

FHA rates are 0.25-0.50% lower than conventional. Currently 5.750% vs 6.125%. Lower rate + low MIP = hundreds saved monthly.

No Loan Limit

Full eligibility

No Limit

With full FHA eligibility, there is county maximum loan amount. $200K starter or $1.5M property — FHA covers it with 3.5% down.

THE PROCESS

FHA Purchase in 5 Steps

From pre-approval to closing, here is exactly how your FHA purchase works.

1
Get Pre-Approved ~24 hours

Apply online or call. We verify FHA eligibility, pull your FHA case number, check credit, and issue a pre-approval letter.

2
Find Your Home 1-4 weeks

House-hunt with confidence. FHA loans work on SFR, condos (FHA-approved), multi-units (up to 4), and manufactured homes.

3
Lock Rate & Appraisal Day 1-3

Once your offer is accepted, we lock your rate and order the FHA appraisal to protect your interests.

4
Underwriting Day 7-21

Our team handles all lender communication. You receive a Clear to Close once fully approved.

5
Close & Get Keys Day 21-30

Sign closing docs, the loan funds, the home is yours. Your 3.5% down FHA purchase is complete. Welcome home.

Start Your FHA Purchase →
PROPERTY TYPES

What You Can Buy With a FHA Loan

Single-Family

Houses, townhomes, detached homes

Condo

FHA-approved complexes

Multi-Unit (2-4)

Live in one, rent the rest

Manufactured

On permanent foundation

CLOSING COSTS

FHA Purchase FHA Costs

While FHA loans have low down payment, there are closing costs. Here is how to minimize or eliminate them.

Seller concessions up to 4%

Many sellers agree to pay your closing costs as part of the negotiation.

Lender credits available

Accept a slightly higher rate for credits that cover your costs entirely.

Finance the upfront MIP

Roll the FHA upfront MIP into your loan instead of paying upfront.

Typical FHA Costs — $400K Home
FHA Upfront MIP (2.15%)$8,600
Title & Escrow$2,200
FHA Appraisal$600
Recording Fees$150
Prepaid Taxes & Insurance$3,200
Total Estimated$14,750
ELIGIBILITY

Who Qualifies for a FHA Home Purchase

Most buyers, qualified homebuyers, and surviving spouses qualify.

Active Duty

90+ continuous days of active service during wartime, or 181+ days during peacetime.

Buyers

Served the minimum qualified period and received anything other than dishonorable discharge.

Guard & Reserve

6+ years of service in the Selected Reserve or National Guard, or 90+ days of qualified.

Check Full Eligibility Requirements →
FAQ

FHA Purchase Questions

$0. FHA home purchases require 3.5% down payment for eligible borrowers with standard FHA. This is one of the biggest advantages vs FHA (3.5% down) and conventional (3-20% down).
FHA 30-year fixed purchase rates start at 5.750% as of March 2026. FHA 15-year rates start at 5.500%. These are wholesale broker rates for 740+ credit scores.
Typically 25-30 days. Many FHA purchases through Valley West close in 21 days thanks to our streamlined process and wholesale lender relationships.
Yes, if the condo complex is FHA-approved. The FHA maintains a list of approved projects. We can check approval status for any condo you are interested in.
With full FHA eligibility, there is county maximum loan amount. You can finance $200K or $2M with 3.5% down. If you have FHA (prior FHA loan), county limits may apply.
A one-time fee (2.15% for first-time purchase with 3.5% down, 3.3% for subsequent use). It can be financed into the loan. Disabled buyers and surviving spouses are exempt.
Yes. FHA loan benefits are reusable. Once you pay off a FHA loan or sell the property, your eligibility is restored. You can use FHA financing for your next home purchase.
The FHA appraisal confirms fair market value and checks that the property meets FHA Minimum Property Requirements (MPRs) for safety, structural soundness, and sanitation.
RELATED

Related Resources

FHA Eligibility RequirementsUnderstanding the FHA Upfront MIPFHA Closing Costs BreakdownFHA Mortgage CalculatorFirst-Time FHA Buyer Guide
EXPLORE

Related Resources

FHA EligibilityRates TodayPayment CalculatorFirst-Time Buyer GuideFHA CostsGet Your pre-approval FHA vs Conventional →FHA vs Conventional →
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See what you qualify for

Get your personalized FHA rate in 60 seconds. No SSN. No credit impact.

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EXPLORE

FHA Resources

→ FHA Requirements → FHA Rates Today → FHA Calculator → Credit Score Guide → Down Payment Guide → FHA vs Conventional → First-Time Buyer → Get Pre-Approved → Closing Costs → Pros & Cons
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Ready to Buy Your Home?

3.5% down. Low MIP. Rates from 5.750%. Get pre-approved in 24 hours and start house hunting with confidence.

Check Your FHA Rate (702) 696-9900

No SSN required · No credit impact · NMLS #65506 · Equal Housing Lender

FHA rates from 5.750%
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