FHA loans are backed by the Federal Housing Administration and are designed to help borrowers who need a little more help qualifying for a mortgage. With lower down payment requirements and more flexible qualification standards, FHA has been one of the most popular paths to homeownership for decades. FHA is especially popular with first-time buyers in Spokane and Eastern Washington. Pair an FHA loan with our exclusive Pathways DPA program to reduce your upfront costs even further. Contact Q Home Loans to see if FHA is right for you.
FHA makes homeownership accessible for buyers who don't have a large down payment saved.
Recent credit challenges, including past bankruptcy or foreclosure, don't automatically disqualify you.
Sellers can contribute up to 6% of the purchase price toward your closing costs.
Getting into a home sooner means you start building equity and benefiting from appreciation immediately.
FHA insurance protects lenders, which is why they can offer more flexible terms to borrowers.
FHA loans are compatible with our Pathways DPA program — potentially $0 out of pocket.
Get answers to common questions about fha loans.
You need a minimum 580 credit score to qualify for the 3.5% down payment option. Scores between 500–579 may still qualify with a 10% down payment.
FHA requires an upfront MIP of 1.75% of the loan amount (can be rolled into the loan) plus an annual MIP of 0.55%–1.05% depending on loan term and LTV.
Yes — FHA allows 2–4 unit properties as long as you occupy one of the units as your primary residence.
The standard FHA limit is $541,287 for most WA counties. High-cost areas like King County can go up to $1,249,125.
Yes. FHA loans are compatible with our Pathways DPA program, which can cover your down payment and closing costs — potentially allowing you to buy with $0 out of pocket.
Q Home Loans specializes in fha loans for homebuyers in Washington, Idaho, and the Pacific Northwest.