1. Home
  2. Home Loans
  3. FHA Loan
Smiling handsome young man looking at his girlfriend's mobile phone in cafe.

FHA Loan

Lower credit? Get the financing you need.

FHA loans are an attractive option for home buyers with a few bumps in their financial history.

If you have a credit score over 580 and can afford a 3.5% down payment, an FHA loan could be right for you.

FHA Loan Requirements

Here’s what you’ll need to get started.

  1. 1.

    Minimum 580 Credit Score

    Rocket Mortgage requires a minimum credit score of 580 for FHA loans.

  2. 2.

    3.5% Down Payment

    You’ll need to make a down payment of at least 3.5% of your new home’s purchase price.

  3. 3.

    3% – 6% In Closing Costs

    With an FHA loan, you’ll need 3% – 6% of the purchase price available to cover closing costs.

  4. 4.

    Mortgage Insurance Premium (MIP)

    You’ll pay an upfront mortgage insurance premium of 1.75% of the base loan amount as well as monthly MIP.

Female chatting with someone, enjoying at home.

FHA Loan Benefits

Low Credit Score Requirements

You can get an FHA loan with a credit score of just 580 or higher.

Low Down Payment

With an FHA loan, you can put as little as 3.5% down.

Flexible Debt-To-Income Requirements

FHA loans come with less stringent debt-to-income (DTI) requirements than some other loans.

Flexible Borrowing Options

You can choose between a 15-year and 30-year term – with either a fixed or variable interest rate.

Shorter Waiting Periods

You may qualify for an FHA loan sooner after a major event such as a foreclosure, bankruptcy or missed payment.

Handshake illustration with watch, coffee, pen, and tablet.

Get Approved now.

An FHA loan from Rocket Mortgage can get you the financing you need - for the house you love.

See What's Possible

Use our calculators to see what homeownership could look like for you.

Image of House

Ready for an FHA?

Applying for an FHA loan could be your ticket to homeownership.

Rocket Mortgage lets you do it all online.