Loan Options

FHA Home Loan

Government-backed financing with low down payments starting at 3.5%. Your path to homeownership starts here.

Accessible Homeownership

FHA Loans Make Homeownership Possible

The Federal Housing Administration (FHA) loan program was designed to make homeownership accessible to Americans who might not qualify for conventional financing. With a down payment as low as 3.5% and flexible credit requirements, FHA loans open the door to homeownership for millions of buyers each year.

Mister Mortgage USA is an FHA-approved lender with deep expertise in South Florida's market. We guide first-time buyers and those with less-than-perfect credit through the entire FHA process, from pre-qualification to closing.

Down payment as low as 3.5%

Flexible credit score requirements (580+)

Gift funds allowed for down payment

Competitive interest rates

Higher debt-to-income allowances

Great for first-time homebuyers

Who Qualifies?

Credit score 580+ for 3.5% down; 500-579 for 10% down
Steady employment history (2+ years preferred)
Property must be your primary residence
Property must meet FHA minimum standards
Mortgage Insurance Premium (MIP) required

FAQ

Common Questions

What is the FHA loan limit in Miami-Dade County?+

FHA loan limits are updated annually. In Miami-Dade County, limits are among the highest in Florida due to the area's home prices. Contact us for the current year's specific limits.

Do I have to pay mortgage insurance with an FHA loan?+

Yes, FHA loans require both an upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount and an annual MIP paid monthly. This protects the lender but does add to your monthly cost.

Can I refinance out of an FHA loan later?+

Absolutely. Once you've built sufficient equity (typically 20%), you can refinance into a conventional loan to eliminate the mortgage insurance premium and potentially get a better rate.

Start Your FHA Loan Today

Low down payment, flexible credit — let's get you pre-qualified in minutes.

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