FHA Home Loans

🏠 FHA Loans – Affordable Homeownership Starts Here

Flexible, Low-Down-Payment Mortgages from Cap One Lending

At Cap One Lending, we specialize in FHA loans that make homeownership more attainable for first-time buyers, credit-challenged borrowers, and anyone who needs a more flexible mortgage solution. Backed by the Federal Housing Administration, FHA loans offer low down payments, competitive rates, and easier qualification compared to conventional loans.

✅ What Is an FHA Loan?

An FHA loan is a government-insured mortgage program designed to help buyers who may not qualify under stricter conventional loan guidelines. With as little as 3.5% down and credit scores as low as 600, these loans are a powerful tool for building long-term stability through homeownership.

Ideal for: First-time buyers, renters transitioning to ownership, borrowers with past credit challenges, and low-to-moderate income households.

💡 FHA Loan Benefits

Low Down Payment: As little as 3.5% down
Flexible Credit Requirements: Minimum 600 median score (some cases approved below)
No Prepayment Penalties: Pay off your loan early—no extra fees
Use Gift Funds: Down payment and closing costs can come from family or grants
Seller Contributions Allowed: Sellers can contribute up to 6% toward buyer closing costs
Buy Up to a 4-Unit Property: You can live in one unit and rent the others
Manufactured Homes Eligible: Must be on a permanent foundation

📈 FHA Loan Limits for 2025

Units	Low-Cost Area	High-Cost Area
1	$524,225	$1,209,750
2	$671,200	$1,548,975
3	$811,275	$1,872,225
4	$1,008,300	$2,326,875

🏠 Upfront Mortgage Insurance Premium (UFMIP)

Standard Rate: 1.75% of the base loan amount for most FHA-insured mortgages.

📅 Annual Mortgage Insurance Premium (Annual MIP)

The annual MIP varies based on the loan term, loan amount, and loan-to-value (LTV) ratio:

For mortgages with terms more than 15 years:

Loan Amount ≤ $726,200

LTV ≤ 90%: 50 basis points (bps) for 11 years.
LTV > 90% but ≤ 95%: 50 bps for the mortgage term.
LTV > 95%: 55 bps for the mortgage term.

Loan Amount > $726,200:

LTV ≤ 90%: 70 bps for 11 years.
LTV > 90% but ≤ 95%: 70 bps for the mortgage term.
LTV > 95%: 75 bps for the mortgage term.

For mortgages with terms 15 years or less:

Loan Amount ≤ $726,200:

LTV ≤ 90%: 15 bps for 11 years.
LTV > 90%: 40 bps for the mortgage term.

Loan Amount > $726,200:

LTV ≤ 78%: 15 bps for 11 years.
LTV > 78% but ≤ 90%: 40 bps for 11 years.
LTV > 90%: 65 bps for the mortgage term.

🔍 FHA Loan Guidelines

Loan-to-Value (LTV):

Purchase: Up to 96.5%
Rate-and-Term Refinance: Up to 97.75%
Cash-Out Refinance: Up to 80%

Loan Types Available:

Fixed-Rate Mortgages: 10, 15, 20, 25, or 30 years
Adjustable-Rate Mortgages (ARMs): 5/1 options available

Debt-to-Income (DTI) Ratio:

Standard max DTI: 43%
Possible approvals up to 60% with strong compensating factors

Occupancy Requirement:

Must be your primary residence
Second homes and investment properties are not eligible under FHA guidelines

🧾 FHA Refinance Options

FHA Streamline Refinance:

No appraisal required
No income documentation
Great for lowering your rate fast

FHA Cash-Out Refinance:

Tap into your home’s equity
Access funds for home improvements, debt payoff, or major expenses

📚 FHA Loan Resources

📞 Get Started With Cap One Lending Today

Your path to affordable homeownership starts here. At Cap One Lending, we make the FHA loan process simple, fast, and stress-free. Whether you're buying your first home or refinancing for a better deal, our experts are ready to help.

📲 Call us at 816-905-1111
🌐 APPLY HERE

FHA loans are more than just a mortgage—they're your stepping stone to financial freedom.

Apply Now