FHA Loans — Low Down Payment Mortgages from 3.5% Down
FHA home loans insured by the Federal Housing Administration with down payments as low as 3.5% and credit scores from 580. Ideal for first-time home buyers in Virginia, Maryland, and DC.
What Are FHA Loans?
FHA loans are insured by the Federal Housing Administration (FHA), a division of the U.S. Department of Housing and Urban Development. This government backing allows approved lenders to offer mortgages with lower down payments and more flexible credit requirements than conventional loans.
In Virginia, Maryland, and Washington DC, the 2026 FHA loan limit is $1,249,125 because the DC metro area is designated as a high-cost area. This means you can finance a home up to that amount with just 3.5% down — a down payment of $43,719 on a $1,249,125 home.
FHA loans are particularly popular with first-time home buyers because of the low down payment, flexible credit requirements, and the ability to use gift funds from family members for the entire down payment. The upfront mortgage insurance premium is 1.75% of the loan amount and can be financed into the loan.
Frequently Asked Questions
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. It allows down payments as low as 3.5% and is accessible to borrowers with credit scores starting at 580. FHA loans are popular with first-time home buyers.
What is a Non-QM loan?
A Non-QM (Non-Qualified Mortgage) loan is designed for borrowers whose income or financial profile does not fit traditional guidelines. It is ideal for self-employed borrowers, gig workers, and those with variable income, using bank statements or 1099s to verify income.
How do I get a free mortgage quote?
You can get a free mortgage quote by using our online Loan Qualifier tool. Fill out your basic information and receive personalized loan options in minutes with no obligation.