Hampton, VAVA purchase
Keys for an active-duty mom
Closing day for a service member and her young family.
Active dutyBuyer’s agent @iamcraighouston
Home › Loan options › FHA loans
FHA loans
Government-backed loans with 3.5% down and more flexible credit and income guidelines.
3.5%minimum down payment
Flexiblecredit guidelines
Gift fundsallowed for the down payment
For eligible borrowers. Programs, terms and availability vary by lender and can change — ask Craig for current details.
Who it fits
- First-time buyers
- Borrowers rebuilding credit
- Buyers with limited savings
Good to know
- FHA loans carry an upfront and an annual mortgage insurance premium (MIP).
- Loan amounts are capped by county.
- The home must meet FHA property standards.
How it works
From first call to keys
Talk to Craig
A 15-minute call about your goals, timeline and budget. No credit pull, no pressure — just straight answers.
Get pre-approved
Apply online in about ten minutes. Craig compares lenders and programs and sends you a pre-approval you can shop with.
Close on time
Craig keeps you, your agent and title in the loop every week, and gets you to the closing table — often in 21 days or less.
Closed with Craig
Recent closings like yours
Real loans Craig closed — what the buyer needed and how it came together.
Hampton, VA
Kansas City, MO1% down
Paying less than rent
A retired school teacher bought with just 1% down — and funded 10 days before closing.
Funded earlyBuyer’s agent @kee.sells.houses
Kansas City, KSPurchase
Told they wouldn’t qualify
Approved for a renovated home and closed early to fit their schedule.
Closed in 15 daysBuyer’s agent @kee.sells.houses
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Estimated monthly payment
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- Principal & interest
- Property tax
- Insurance
- Mortgage insurance
- Loan amount
Illustration only — not a quote. VA shows the funding fee financed (2.15% first use) and no monthly MI; FHA uses 1.75% upfront and 0.55% annual MIP; conventional MI is estimated at 0.5%/yr under 20% down. Ask Craig for real numbers on your scenario.
FAQ
FHA loans: common questions
Can I remove FHA mortgage insurance?
With less than 10% down it usually stays for the life of the loan; many owners refinance to conventional later.
What score do I need?
FHA allows lower scores than conventional; lenders set their own minimums, which is why shopping multiple lenders helps.
How long does it take to close?
Most loans close in about 21–30 days. Some of Craig’s recent clients closed a purchase in 9 days and a refinance in 4 days when the file was ready — every file is different.
How much do I need for a down payment?
It depends on the program. VA, USDA and physician loans can be zero down for eligible borrowers, FHA starts at 3.5%, and some conventional programs start at 3% — or 1% with lender-paid assistance for income-qualified buyers. Down payment assistance can cover part or all of it.
Compare
All loan optionsOther options worth a look
VA loans$0 down, no PMI and limits on closing costs for veterans, active-duty service members and eligible surviving spouses.
VA one-time close constructionBuy the land and finance construction in a single closing — with participating lenders, no payments for up to 11 months while the home is built.
USDA loansZero down payment for homes in eligible rural and suburban areas — often closer to the city than people think.
Need a human touch?
Craig picks up.
Call, text or book 15 minutes. You will talk to Craig — not a call centre.