PRIMARY-RESIDENCE FINANCING
FHA
Explore a government-insured path to homeownership.
How it works
FHA insurance can help eligible borrowers finance a principal residence. The loan comes from a lender, while FHA provides insurance; approval still requires income, credit, property, and other eligibility reviews.
Understand the tradeoffs
Account for both upfront and ongoing mortgage insurance. Ask how long insurance applies to your particular loan and compare the complete cost against conventional financing.
What to prepare
Income and asset records, any gift documentation, identification, and the purchase contract when available. Property condition and appraisal requirements also matter.
Your next conversation
Tell John about your planned occupancy, timeline, comfortable monthly budget, and available funds. Ask for a comparison that includes interest, fees, mortgage insurance where applicable, and ongoing property costs. No program description is an approval or a commitment to lend.