What credit score do I need?

FHA is generally more permissive than conventional financing, and the exact threshold depends on the rest of your file. Rather than guess, send us your details and we will tell you where you actually stand.

Is there mortgage insurance?

Yes. FHA loans carry mortgage insurance, which is what allows the program to be as accessible as it is. We will explain exactly how it works on your file and how it compares to the conventional alternative.

Can I use FHA for a second home?

No — FHA is for primary residences. If you are buying an investment property, look at our DSCR and investor programs instead.

FHA Home Loans

The most forgiving path to a first front door.

FHA loans are insured by the Federal Housing Administration, which lets lenders accept lower credit scores and smaller down payments than conventional financing typically allows. For many first-time buyers it is the difference between renting and owning.

See if I qualify Call 708-888-1518

Charming pale blue starter home with a covered porch and hydrangeas in morning light

Who this is for

First-time buyers who have savings but not a large down payment
Buyers whose credit is decent but not pristine
Anyone who has been told 'no' by a big bank's automated system

Lower down payment requirements
FHA is designed to require meaningfully less up front than conventional financing. That is the whole point of the program.
Credit flexibility
A thin or imperfect credit file is not automatically disqualifying. We have closed FHA loans for buyers who assumed they had no chance.
Gift funds are allowed
Help from family can be used toward your down payment when it is documented correctly. We will show you how.
Pairs with assistance programs
FHA stacks well with state and local down payment assistance. In Illinois in particular, that combination is powerful.

Common questions

The things people
actually ask.

What credit score do I need?: FHA is generally more permissive than conventional financing, and the exact threshold depends on the rest of your file. Rather than guess, send us your details and we will tell you where you actually stand.
Is there mortgage insurance?: Yes. FHA loans carry mortgage insurance, which is what allows the program to be as accessible as it is. We will explain exactly how it works on your file and how it compares to the conventional alternative.
Can I use FHA for a second home?: No — FHA is for primary residences. If you are buying an investment property, look at our DSCR and investor programs instead.

Ask about FHA

Two quick questions to start. A licensed loan officer calls you back — usually within minutes.

1/3

Equal Housing
Lender
NMLS #1660690Sam Ahmed #221307
Licensed in 27 statesPowered by NEXA Mortgage, LLC

From people in the same position

“Most mortgage sites feel like talking to a robot. Homeland felt like talking to a neighbor. They explained the difference between FHA and Conventional in plain English so I could choose what was best.”
Sarah M.Joliet, IL
“Speed is an understatement. We were in a bidding war in Oswego and needed a pre-approval letter on a Sunday evening. Sam picked up the phone and got it done. We won the house.”
Daniel L.Oswego, IL
“I was looking for a mortgage company that didn't view me as just another number. I wanted to be treated like a human being! I was referred by my friend and I'm glad I was! They took care of me!”
Brad J.Frankfort, IL