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FHA Loans

Helping Americans Realize the Dream of Homeownership

A popular mortgage for first time homebuyers with a low down payment.

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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
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Learn More About FHA Loan Rates & Requirements

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Mortgage Insights

  • All loans subject to credit approval.
  1. All loans are subject to credit approval and program guidelines. Minimum credit score applies to purchase transactions only.

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