How to Apply for an FHA Loan
Follow this interactive guide to navigate through the FHA loan application process with SRK CAPITAL.
Step 1: Prepare for Your FHA Loan
Check your credit score and gather necessary documents
Step 2: Get Pre-Approved
Submit your application for FHA loan pre-approval
Step 3: Find Your Home
Search for FHA-eligible properties within your budget
Step 4: Complete Full Application
Submit your complete FHA loan application
Step 5: Processing & Underwriting
Your loan goes through FHA underwriting
Step 6: Closing
Sign final documents and get your keys
Your Guide to FHA Loan Applications
Navigate the FHA loan application process with confidence. Learn about the unique benefits and requirements of FHA loans with SRK CAPITAL.
What is an FHA Loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. These loans are designed to help borrowers with lower credit scores and smaller down payments become homeowners. FHA loans typically require a minimum credit score of 580 with a 3.5% down payment, or a score of 500-579 with a 10% down payment.
Lower Down Payment
As little as 3.5% down with 580+ credit score
Flexible Credit Requirements
More lenient credit score requirements than conventional loans
Government-Backed
Insured by the Federal Housing Administration
Assumable Loans
FHA loans can be assumed by qualified buyers