Home Learning Center

Federal Housing Administration (FHA) loans have been helping people purchase homes since 1934. These loans are designed to help first-time homebuyers and those with less-than-ideal finances purchase their primary residence. In addition to having relaxed eligibility requirements, FHA loans also offer competitive rates and low minimum down payments.

FHA loans require mortgage insurance premiums (MIP), which impact your monthly payment. This guide explains upfront and annual MIP costs, how long you’ll pay them, and whether you can remove them.

Discover how FHA loans work, their key benefits, and the steps to apply. With low down payments and flexible credit requirements, FHA mortgages are a great option for first-time buyers and those looking to keep more cash in their savings.

Conventional loans are accessible for many homebuyers but often have stricter down payment and credit requirements than government-backed loans.

If you’re thinking about buying a home, you’ll quickly find that there are several ways for you to finance your purchase. While weighing your options, you’ll need to consider whether you’ll take out a government-backed loan - like those offered by the Federal Housing Administration (FHA) and Veteran’s Affairs (VA) - or if you’ll stick with a conventional loan.

Down Payment Assistance (DPA) programs are a great tool for homebuyers who need a little extra support covering the upfront cash needed when purchasing a home. Learn about the different types of Down Payment Assistance programs available to Paddio homebuyers.

FHA loans are a great option for both first-time and repeat homebuyers, but they do come with some restraints. FHA loan limits are important to be aware of, as they can limit your purchase power.