FHA
Federal Housing Administration
Fast and Easy Custom Rate Quotes
Take the first step by getting pre-approved — for an FHA loan.
What Is An FHA Loan?
An FHA loan is a mortgage backed by the Federal Housing Administration.
It’s designed to help buyers who may have lower credit scores or limited savings qualify for a home.
FHA loans are especially popular but not limited to first-time homebuyers.
Who it helps
First-time buyers, lower down payment situations, and those rebuilding credit find FHA loans accessible with proper guidance.
Do FHA Loan Have COmpetitive Rates?
Yes. FHA loans often come with competitive interest rates, even for buyers with lower credit scores.
Because the loan is government-backed, lenders can offer more flexibility than with some other loan types.
Is an FHA Loan a Better Option Than Other Loans?
It can be — especially if you’re early in your home-buying journey.
An FHA loan may be a good fit if you:
- Have lower credit
- Have limited money for a down payment
- Want more flexible qualification guidelines
- Are buying your first home
Other loans may make more sense in some situations, which is why comparing options matters.
FHA Highlights
3.5% Down payment
More flexible credit
Competitive interest rates
Easier qualification
Ideal for First time Buyers
Renovation Options
The Appraisal Process:
Appraisals confirm home value and minimum property standards. FHA loans require mortgage insurance — an upfront fee and an annual factor paid monthly. Adam will explains how these affect payments.
Mortgage Insurance:
Debt-to-income guidance: total ratio typically cannot exceed 57% though lender overlays vary.
Closing costs and wrap-up
Closing costs typically run 2%–4% of the home price. Adam McCoy breaks down fees and options to reduce out-of-pocket costs.
FHA can be an excellent path to homeownership. Adam McCoy's easy FHA process simplifies choices and moves you toward pre-approval quickly.
What are the Types of FHA loans?
FHA mortgages include standard purchase loans (203(b)), renovation loans (203(k)), and energy-efficient mortgages (EEM). Your lender determines the correct program for your needs.
Basic Home Mortgage, 203(b):
Primary purchase and refinance product used for standard homes, condos, and some manufactured homes.
Renovation Mortgage, 203(k):
Buy the home and finance the costs of renovating into one mortgage. This means that you don't have to come out of pocked if you want to update features on your new property!
How to Apply For an FHA loan
A step-by-step guide from lender selection to final approval — BlueCrest streamlines each part of the FHA process.
1. Identify an FHA-approved lender and compare rate offers.
2. Fill out the Uniform Residential Loan Application (1003).
3. Provide documentation (employment, income, ID) for underwriting.
FHA Loans Frequently Asked Questions (FAQ)
Do FHA Home Loans Have Income Limits?
No income restrictions; borrowing amount is limited by loan limits and your qualifying factors.
Are DACA Recipients Eligible for FHA loans?
Under recent policies some DACA recipients can qualify — consult an EasyFHA specialist for eligibility guidance.
Do FHA Loans Require Mortgage Insurance?
Yes: an upfront fee and an annual mortgage insurance factor paid monthly.
Are FHA Loans Assumable?
Some FHA loans are assumable; this can be an advantage in certain markets — check with BlueCrest.
MEET THe loan officer | NMLS#2695095
Hey, I'm Adam!
I started as a loan officer with My Style Mortgage in 2025 and have a growing passion for learning and helping educate people about buying a home!
I was born and raised in South East Idaho
I enjoy talking and meeting new people
I am confident that we can help turn your dreams into a reality
Complete an Application in Matter of Minutes
© 2023 My Style Mortgage Inc. - | www.mystylemortgage.com | Company NMLS# 2622728 | Equal Opportunity Lender
My Style Mortgage Inc. is Licensed in Idaho, Texas and Utah. For additional information please visit https://www.mystylemortgage.com/privacy-policy. Lending services provided by My Style Mortgage Inc. 115 N. Clark St. Rigby, ID 83442. (208) 715-5975
This page is for educational purposes only and is not a commitment to lend or a loan approval. Information on this page may not be current and is subject to change without notice. Loan programs, rates, terms, and eligibility requirements may vary based on individual qualifications and property details.
