🌱 FHA Loans
The friendliest door into homeownership
FHA loans are backed by the Federal Housing Administration and built for exactly one thing: making homeownership possible for people who don’t have perfect credit or a giant down payment. If your financial life has some real-life texture to it, FHA is often the answer.
Is this you?
FHA Loans tend to be a great fit for…
- Buyers with credit scores in the 580–680 range
- First-time buyers with 3.5% saved (which can be gifted by family)
- Buyers with higher debt-to-income ratios, like student loan holders
- Anyone rebuilding after a rough financial chapter
Questions friends actually ask
FHA Loans: straight answers
What credit score do I need for an FHA loan?
FHA guidelines allow scores as low as 580 with 3.5% down (and sometimes lower with 10% down). Individual lender requirements vary, which is exactly the kind of thing Cole helps you navigate for your specific situation.
Can my down payment be a gift on an FHA loan?
Yes — the entire 3.5% down payment can come as a gift from a family member. There’s a simple documentation process (a gift letter), and Cole walks you and your family through it.
What’s the catch with FHA loans?
FHA loans carry mortgage insurance for most or all of the loan’s life, unlike conventional PMI which cancels at 20% equity. The common play: buy with FHA now, then refinance into a conventional loan later once your equity and credit grow.
Keep exploring
Conventional Loans
The workhorse of home financing — flexible terms, competitive costs, and down payments as low as 3% for first-time buyers.
Learn more →VA Loans
For those who served — $0 down, no monthly mortgage insurance, and some of the strongest terms in all of lending.
Learn more →USDA Loans
$0 down for homes in eligible smaller communities — many Twin Cities exurbs qualify, and most buyers have no idea.
Learn more →Not sure if fha loans are right for you?
That’s literally what Cole is for. One conversation, all your options side by side, zero pressure to move forward.