FHA Loans

FHA Loans provide homeownership opportunities to borrowers with less impressive credit for as little as 3.5% down. If it’s your first time purchasing a home or if you’ve had some trouble with your credit in the past, this could be a great option for you.


These loans don’t conform to the limits for Fannie or Freddie, rather the limit for areas in the US is 115% of the median home price for the county (which is set by the US Dept. of Housing and Urban Development). For the lowest down payment - 3.5% - the minimum credit score required is 580 but borrowers with credit scores between 500-579 can get an FHA loan for 10% down.

Similar to conventional loans, FHA loans require monthly mortgage insurance. Unlike conventional loans, however, these loans also require an upfront Mortgage Insurance Premium (MIP) of 1.75% at closing.

Loan product details are subject to change so be sure to check with your Sovereign Mortgage Investments LO for the latest information.

Buying a home is one of the most important investments you'll make. Let us put our experience to work for you.


We shop multiple lenders to find the best options and most competitive rates available to our clients. 

Ready to get started?

Modern House Exterior