FHA Loans
Backed by the federal government to make homeownership more accessible — a favorite for first-time buyers and anyone rebuilding their credit.
An FHA loan is a mortgage insured by the Federal Housing Administration, created to make homeownership more accessible for buyers who may not qualify for a conventional loan. FHA loans are especially popular with first-time buyers and those working to build or rebuild their credit.
Down Payment
FHA loans allow a down payment as low as 3.5% for buyers with a credit score of 580 or higher.
Credit Flexibility
FHA guidelines are generally more forgiving than conventional loans, making this program a strong option for buyers with a shorter or less-than-perfect credit history.
Mortgage Insurance Premium (MIP)
FHA loans require both an upfront and an annual mortgage insurance premium. Depending on your down payment, this may last for the life of the loan.
Loan Limits
FHA loan amounts are capped each year on a county-by-county basis, with higher limits allowed in more expensive housing markets. Your lender can confirm the current limit for the county where you’re buying.
Who It’s Best For
- First-time homebuyers
- Buyers with limited savings for a down payment
- Buyers with a shorter or imperfect credit history
- Buyers who want predictable, straightforward qualifying guidelines
How to Get Started
- Get pre-approved so you know your realistic price range.
- Work with your agent to find the right home in the Flathead Valley.
- Lock in your interest rate once you are under contract.
- Provide documentation and complete underwriting with your lender.
- Close on your home and get your keys!
Ready to talk through your options? Explore all of our financing resources, or reach out to our team — we’re happy to help you figure out which loan program fits your goals.