FHA Loans

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FHA Loan: Program Highlights & Borrower Benefits

An FHA Loan is a government-backed mortgage insured by the Federal Housing Administration, designed to make homeownership more accessible for borrowers with lower credit scores or smaller down payments.

It’s one of the most flexible and widely used loan programs for first-time buyers.

If conventional doesn’t fit — FHA often does.

Family carrying moving boxes

Program Features

Loan Amounts: Up to FHA county loan limits

Down Payment: As low as 3.5%

Min Credit Score: 580+ with 3.5% down (500–579 may require 10% down)

Income Documentation: W-2s, pay stubs, tax returns if applicable

Debt-to-Income (DTI): Typically up to 43%–57% depending on profile

Property Types: Primary residence only

Mortgage Insurance: Required (Upfront + Monthly MIP)

Occupancy: Owner-occupied required

Gift Funds: Allowed for down payment

Lower credit flexibility.
Lower down payment.
More flexible qualification guidelines.
FHA was built to expand homeownership.

Program Highlights

Loan Amounts: Up to FHA county loan limits

Min Credit Score: 580+ with 3.5% down (500–579 may require 10% down)

Down Payment: As low as 3.5%

Debt-to-Income (DTI): Typically up to 43%–57% depending on profile

Mortgage Insurance: Required (Upfront + Monthly MIP)

Income Documentation: W-2s, pay stubs, tax returns if applicable

Property Types: Primary residence only

Occupancy: Owner-occupied required

Gift Funds: Allowed for down payment

Lower credit flexibility.
Lower down payment.
More flexible qualification guidelines.
FHA was built to expand homeownership.

How It Works

Apply Online

Our licensed loan officers are ready to help answer any questions that you have. Taking an application over the phone could be as quick as 10 minutes.

Get Approved

We will review your loan application, your property will be appraised, underwritten, and approved.

Fund

Once all items have been satisfied and we are clear to close, loan docs will be drawn. You’ll sign loan docs and your loan will fund.

Apply Online

Our licensed loan officers are ready to help answer any questions that you have. Taking an application over the phone could be as quick as 10 minutes.

Get Approved

We will review your loan application, your property will be appraised, underwritten, and approved.

Fund

Once all items have been satisfied and we are clear to close, loan docs will be drawn. You’ll sign loan docs and your loan will fund.

Equinox Makes FHA Approval Strategic

At Equinox, we don’t just run your credit and hope for approval.
We pre-structure your file to:

  • Optimize credit positioning
  • Analyze DTI before submission
  • Review assets carefully
  • Minimize underwriting conditions

We also evaluate whether FHA is the right long-term fit — or if conventional saves you money.

Because FHA gets you in the door.
But strategy keeps you ahead.

Man and woman cheering with moving boxes

Why Choose an FHA Loan?

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First-time homebuyers
9
Borrowers with credit scores under 680
9
Buyers with limited savings
9
Borrowers recovering from past credit events
9
Buyers who need flexible qualification guidelines
If your credit isn’t perfect — but your income is stable — FHA may be your path forward.
Homeownership isn’t reserved for perfect profiles.

We are the Alternative Mortgage Financing Experts.

At Equinox Home Financing, we've helped thousands of borrowers purchase and refinance homes using some of the industry's most innovative financing solutions. Put our knowledge and experience to work for you. Contact us today for a free quote and consultation.

Funded Home Loans

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Application to Closing Conversion

Funded Home Loans

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Answers to Your Questions

What is an FHA Loan?
An FHA loan is a type of home loan that is backed by the government, specifically the Federal Housing Administration (FHA). This program is designed for borrowers with lower credit scores or smaller down payments. With an FHA loan, you can put down as little as a 3.5% down payment, making it more accessible for first-time homebuyers. With a conventional loan, we look at things like your credit score, income, and down payment amount to see what you qualify for. The homeowner or buyer must demonstrate that they have enough income and credit history to qualify.

Here at Equinox, if you are unable to demonstrate this using traditional methods of qualification, we have alternative loan options that we can explore, including our No Income Home loan.

Is My Credit Score a Factor in Getting Approved?
When doing an FHA loan, we do look at your credit score. It is more of a traditional loan and can go as low as a 500 FICO score at times. With FHA loans, factors like past short sales, foreclosures, or derogatory credit have an impact on qualification. However, the FHA loan program is more lenient towards credit history. If your financial situation makes sense today, we can lend you the money you need for an FHA purchase loan or a refinance loan.
What Kind of Loan Terms Do You Offer?
FHA loans can come in all types of loan terms. There are options that can help you get the payment that you need. Generally, FHA loans are available as a 30 Year Fixed-rate mortgage. However, it is also available as a 5 Year Adjustable Rate Mortgage. If you want, we have a 7 Year Adjustable Rate Mortgage available and a 15 Year Fixed Rate option available as well.
How Do I Get Qualified?
The process is simple. When most people call us, they are usually skeptical about the program and whether they can really qualify. Here at Equinox Home Financing, we have been providing these programs since they have been made available and have been able to help many borrowers purchase or refinance their homes. First step is to call us, a professional will help consult with you and explain how our programs work in detail. There are many types of programs, and it’s best to speak with us so we can guide you in the right direction.
What Type of Properties Can I Finance?
It depends on the type of loan program you are qualified for. With an FHA loan program, we can offer this loan on an owner-occupied property only. We can lend on single-family residences, condo’s and 1-4 unit properties.

Our Latest Funded Loans

Take a look at some of the loans we recently funded for our self-employed customers.
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