The classic first-home loan, for a reason.
FHA loans have put more first-time buyers into homes than any other program in American history. 3.5% down, forgiving credit standards, and it pairs beautifully with MN Housing or WHEDA assistance on top.
3.5% down
On a $250,000 home, that's $8,750 — and state assistance programs can cover some or all of it.
Credit-flexible
FHA works with scores where conventional gets expensive or unavailable — and it's more forgiving of past credit events with documented recovery.
Gift funds welcome
The entire down payment can come from family gift funds, properly documented. We handle the documentation.
Stacks with state programs
MN Housing and WHEDA both offer FHA-based options, letting you combine FHA flexibility with state down payment assistance.
Typical eligibility
- Primary residence
- Credit score generally 580+ for 3.5% down
- Steady, documentable income
- Property meets FHA appraisal standards
Program guidelines change and county limits vary — treat this as orientation, not a rulebook. We verify your actual eligibility for free, usually same-day.
Find out if FHA fits you.
Eligibility checks are free, fast, and commitment-free — call, email, or apply through Fairway's secure system.
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