An FHA loan is a mortgage insured by the Federal Housing Administration. It allows borrowers to qualify with as little as 3.5 percent down payment and credit scores as low as 580, making homeownership accessible to first-time buyers and those with limited savings.

What are the FHA loan requirements in Georgia?

Georgia FHA loan requirements include a minimum credit score of 580 for 3.5 percent down (or 500 with 10 percent down), debt-to-income ratio under 43 percent, steady employment history, and the property must be your primary residence meeting FHA appraisal standards.

How much down payment do I need for an FHA loan?

You need a minimum of 3.5 percent down for an FHA loan if your credit score is 580 or higher. Between 500 and 579 requires 10 percent down. Georgia Dream down payment assistance may help cover this cost.

How long do I pay FHA mortgage insurance?

With less than 10 percent down, you pay MIP for the entire loan life. With 10 percent or more down, MIP can be removed after 11 years. Many borrowers refinance to conventional once they reach 20 percent equity.

FHA Loans - Integrity Home Lending

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FHA Loans: Affordable Home Financing Backed by the Government

FHA loans are insured by the Federal Housing Administration and designed to make homeownership accessible to a wider range of borrowers — including first-time buyers, those with lower credit scores, and anyone who may not qualify for a conventional loan. With lower down payment requirements and more flexible underwriting, FHA loans have helped millions of Americans achieve their homeownership goals.

At IH Lending, we guide borrowers through the FHA process from pre-qualification to closing, helping you take advantage of this government-backed program with competitive rates from our wholesale lending partners.

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Key Benefits of FHA Loans

Low down payment: Put as little as 3.5% down with a credit score of 580 or higher — significantly less than the 5-20% typically required for conventional loans.
Flexible credit requirements: FHA loans accept credit scores as low as 500 (with 10% down), making homeownership possible even if your credit history isn’t perfect.
Competitive interest rates: Because FHA loans are government-insured, lenders can offer rates that are often comparable to or better than conventional options.
Gift funds allowed: Your entire down payment can come from a family member, employer, or approved down payment assistance program.
Higher debt-to-income ratios: FHA guidelines allow more flexibility in qualifying, even if you carry existing debt.

FHA Mortgage Insurance

FHA loans require two types of mortgage insurance: an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, which is typically financed into the loan, and an annual mortgage insurance premium (MIP) paid monthly. For loans with less than 10% down, MIP remains for the life of the loan. For loans with 10% or more down, MIP can be removed after 11 years.

Who Should Consider an FHA Loan?

First-time homebuyers: If you’re new to homeownership and don’t have a large down payment saved, FHA loans offer an accessible entry point.
Buyers rebuilding credit: If you’ve experienced a financial setback and are working to improve your credit, FHA’s flexible guidelines may help you qualify sooner.
Moderate-income borrowers: FHA loans are designed with affordability in mind, with loan limits that vary by county to reflect local housing costs.

Why Choose IH Lending for Your FHA Loan?

We work with multiple wholesale lenders who offer FHA programs, allowing us to compare rates and find the best deal for your situation. Our team handles the details — from ensuring your property meets FHA appraisal standards to managing the insurance requirements — so you can focus on finding your new home.

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