Refinancing to an FHA Loan

The Federal Housing Administration (FHA) was originally created in 1934 to help more Americans buy their first home. Today, it’s also a great option for refinancing your mortgage. Refinancing with to an FHA loan can lower your monthly payment, allow you to consolidate high-interest debt, or change your loan term, and FHA loans may still be an option even if your credit isn’t great.

Advantages of an FHA Refinance vs. Conventional Loans

Higher debt to income ratios

FHA borrowers may be able to carry a higher monthly debt to income ratio.

Lower Credit Scores Accepted

If you’ve had a bankruptcy, short sale, or foreclosure, you may still be able to qualify for an FHA refinance. The FHA accepts lower FICO scores than those required for most conventional mortgages. At, we work to get borrowers qualified with credit scores as low as 500. Conventional mortgages usually require scores of 620 or above.

Lower down payments

FHA loans accept down payments as low as 3.5%; conventional loans for lower FICO scores usually require 10%.

At, refinancing to an FHA mortgage is the option chosen by around half of our refinance customers. FHA refinancing allows you to move past credit issues and change your financial future. Your representative will help determine if an FHA refinance is right for your needs.