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FHA Home Loans in Springfield MO

And Southwest Missouri

FHA Home Loans

Buying a home is one of life’s biggest milestones, but saving for a large down payment or building perfect credit can feel out of reach. FHA loans are designed to make homeownership more accessible for more people.

Backed by the Federal Housing Administration, FHA loans feature flexible credit requirements and down payments as low as 3.5%, making them a great option for first-time homebuyers or anyone rebuilding their financial footing.

Whether you’re buying your very first home or starting over, an FHA loan offers the support, structure, and flexibility to help you get there with confidence.

FHA Home Loan Eligibility Requirements

Minimum credit score: 580 or higher for a 3.5% down payment (scores between 500–579 may qualify with 10% down)
Down payment: At least 3.5% of the home’s purchase price
Debt-to-income ratio: Typically 43% or lower, though some lenders allow higher with strong compensating factors
Employment history: Steady income and employment for the past two years (same field preferred)
Primary residence: The home must be your primary residence (no investment or vacation properties)
Loan limits: Must fall within FHA county loan limits, which vary by location
Mortgage insurance: Both upfront (UFMIP) and annual (MIP) mortgage insurance premiums are required