Loan Program
FHA Loans
Low down payment, forgiving credit — ideal for first-time buyers.
Overview
FHA loans are insured by the Federal Housing Administration and are designed to make homeownership accessible — especially for first-time buyers with lower down payments or credit that's still on its way up.
Who it's for
- First-time home buyers
- Borrowers rebuilding credit
- Buyers with limited down payment savings
- Anyone recovering from past credit events
Benefits
- 3.5% down with a 580+ score
- Flexible credit and debt-to-income
- Gift funds and DPA-friendly
- Streamlined refinance options later
Common Questions
Can I use gift funds?
Yes — 100% of your down payment can come from a documented gift.
Is mortgage insurance permanent?
On most FHA loans placed today, MI stays for the life of the loan — a common reason we compare it to a low-down conventional.
Are there loan limits?
Yes, they're set by county and updated annually — we'll check your target county before you shop.
Financing Provided Through
Clear Rate MortgageLicensed Mortgage Lender · NMLS #2470446
Mike Keys · NMLS #2795829 · Company NMLS #2470446
A boutique client experience, backed by a national lending platform.
- · Licensed across Texas
- · Broad portfolio of loan solutions
- · Experienced lending & operations team
- · Professional service from application through closing