The FHA loan, from people
who processed them
Lower down payments and more forgiving credit, traded for mortgage insurance. GA, AL, TN, FL, NC & SC.
An FHA loan is insured by the Federal Housing Administration: as little as 3.5% down, flexible credit standards, and FHA mortgage insurance premiums (upfront plus monthly). Primary residence only, with county loan limits. Stonehaven, a mortgage brokerage, arranges FHA loans; our founders spent years in FHA processing.
The honest fit profile
FHA wins for smaller down payments, thinner credit, or recent credit events. You live in the home, and it must meet FHA appraisal and condition standards - which can matter for fixer-uppers.
Strong credit and 10–20% down? Compare conventional - its mortgage insurance can be cheaper and removable.
Mortgage insurance, stated plainly
An upfront premium (usually financed) and a monthly premium that often runs for the life of the loan. Many FHA buyers later refinance into conventional to drop it. Premiums are set by FHA.
Where FHA experience earns its keep
FHA files carry extra parts - appraisal standards, premium math, documentation rules. Our founders ran these loans for years. You get a file built right the first time.
See if FHA fits your situation
A specialist replies within one business day. No obligation, no credit pull.
Prepare the next decision
If you are comparing programs, the FHA versus conventional guide organizes the mortgage insurance, down payment and eligibility differences to review with a lender.