FHA Loans

Flexible financing helps make homeownership possible.

Flexible qualification requirements

Low down payment

Competitive rates

A flexible path to homeownership.

Whether you're buying your first home or simply looking for a mortgage with a lower down payment, an FHA loan can help make homeownership more attainable.

Backed by the Federal Housing Administration, FHA loans offer flexible qualification requirements and affordable financing options for eligible homebuyers. At Michigan First, we'll help you determine whether an FHA loan is the right fit for your goals and guide you through every step of the mortgage process.

What is a FHA Home Loan?

An FHA home loan is a government-backed mortgage designed to help qualified borrowers purchase a home with more flexible lending requirements.

Compared to many conventional mortgages, FHA loans may offer advantages such as:

Down payments as low as 3.5%
Flexible credit qualifications
Competitive fixed interest rates
Financing for primary residences
Up to 6% seller concessions allowed on purchase

Our mortgage specialists will explain your options and help you compare FHA loans with other mortgage programs to find the best solution for your financial situation.

Is a FHA Loan right for you?

An FHA loan may be a good choice if you:

Are purchasing your first home
Have limited funds for a down payment
Want more flexible credit requirements
Prefer the stability of a fixed-rate mortgage

Not every borrower needs an FHA loan. Our experienced mortgage team will help you compare your options between all loan types, including Conventional, VA, USDA, and MSHDA loans. Our goal is to find the mortgage that best fits your needs.

Why choose Michigan First?

Buying a home is a major milestone, and choosing the right mortgage shouldn't feel overwhelming.

At Michigan First, our mortgage experts take the time to understand your goals, explain your financing options, and help you navigate the process with confidence, from pre-approval through closing.

Whether you choose an FHA loan or another mortgage program, we're committed to helping you make informed decisions every step of the way.

Frequently asked questions

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Can I get a mortgage with less-than-perfect credit?

You may be able to qualify for a mortgage even if your credit is not perfect. Michigan First offers mortgage programs with different credit requirements, including FHA and Turning Point Home Loans, which may provide more flexible qualification options. Approval still depends on your complete financial profile, including your income, debts, credit history, down payment, and the mortgage program you choose.