FHA Loans
Helping Americans Realize the Dream of Homeownership
A popular mortgage for first time homebuyers with a low down payment.
A Great Option for First Time Home Buyers
A FHA loan is one that is insured by the Federal Housing Administration (FHA), which is part of Housing and Urban Development (HUD). This makes a FHA loan a government home loan. FHA loans are popular mortgages among first time home buyers because the down payment can be as low as 3.5% of the purchase price, and most of the closing costs and fees can be included in the loan.
How Can You Qualify?
How Can You Qualify?
Qualifying for a FHA loan tends to be easier because the guidelines are more flexible on a government-insured loan. SouthState’s FHA loan requirements include:
- At least a 3.5% down payment
- Credit score of at least 5802
- Steady employment history
- A valid social security number or proof of residency
Learn More About FHA Loan Rates & Requirements
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Important Legal Disclosures and Information
- All loans subject to credit approval.
- All loans are subject to credit approval and program guidelines. Minimum credit score applies to purchase transactions only.
