Residential FHA Loans

Considering a non-conventional loan for your next home? When it comes to Federal Housing Administration (FHA) residential mortgages, BayFirst has you covered. 

Make Yourself At Home With An FHA Loan

Because these loans are insured by the FHA, they generally involve lower down payments and credit requirements making them a great option for first-time buyers and those with hardships in their financial history. However, borrowers will be required to pay an upfront mortgage insurance, and monthly mortgage insurance payments going forward.

With an FHA loan from BayFirst, you can:

  • Qualify with lower credit scores compared to conventional loans
  • Put less toward your down payment than you would with a conventional loan
  • Apply for closing cost credits 

Be sure to check out our Home Ready and Home Possible programs, too!

Home Ready Program Home Possible Program