FHA Mortgage Source - 100% Down Payment Assistance

Welcome to FHA Mortgage Source, we are a leading FHA loan resource providing the latest information for both FHA purchase and refinance loans. FHA Mortgage Source specializes in Federal Housing Administration (FHA) mortgage information for first-time home buyers and current homeowners.

This government-insured home loan is backed by the United States Federal Housing Administration and provides a number of homeownership opportunities with a minimal down payment required.

Started in 1934, the FHA is the largest government insurer of home loans in the U.S. today. The government-backed program is one of the last remaining home loans that allows home buyers to purchase a home with little money down. That’s right, it is still possible to purchase a home with as little as a 3.5% down payment!

Regardless of your mortgage knowledge, FHA Mortgage Source will be happy to assist you. We take the time to answer all your questions and educate you on the advantages of FHA home financing. If you are looking for information on government home loan options, you have found the right place!

Please submit the quick info request form on this page at any time if you have questions. Submitted request forms are typically responded to within 10 minutes during regular business hours. You can also call, Ph: 800-743-7556.

So what exactly is an FHA loan?

The purpose of the Federal Housing Administration (FHA) is to provide mortgage insurance for loans made by FHA-approved lenders, banks, and mortgage brokers to enhance opportunities for homeownership throughout the U.S. The goal of the program is to help U.S. communities expand by making homes more affordable through limited down payment and credit requirements.

It is important to note that FHA itself is not a direct lender, but rather a government entity that provides the insurance needed for private lenders to make loans requiring a minimum down payment. In the event of a mortgage default, FHA mortgage insurance protects the lender or bank from losses.

FHA bridges the gap between approved lenders and homebuyers by providing a new form of financing that provides longer-term affordable mortgages.

Benefits of the FHA mortgage:

FHA home loans require only a 3.5% down payment for home purchases – up to 96.5% financing. * Special 100% down payment assistance programs are now available to eligible home buyers.
The program offers many flexible refinancing options for existing homeowners.
The loans are secure and backed by the US Government and have NO prepayment penalty (Pay off the mortgage anytime without penalty)
Home buyers can use gift funds to help with the down payment and closing costs expenses.
Closing costs can also be paid by the seller of the home, up to 6% concessions from the home seller is allowed.
Qualifying for an FHA loan with lower credit scores is possible. *Please note, the current minimum credit score requirement is 580 for the max 96.5% FHA financing* Some borrowers will lower credit scores in the mid-500s can obtain approval with a greater 5-10% down payment.
FHA loans offer secure fixed interest rates set by approved lenders, banks and mortgage brokers. FHA interest rates are often lower than conventional loans that require a large down payment.
FHA 203k “rehab” loans are great for those buyers who want to roll in renovation costs.
No household income restrictions.
The program can be used for any new & existing single-family residence, town home, or FHA-approved condo. The property being purchased can be a regular sale, short sale, foreclosure home, etc, that meets HUD standards.
Co-signers and non-occupying home buyers are permitted with the FHA loan program.
Great for First Time Homebuyers and public service workers like Teachers, Firefighters, and Police Law Enforcement.
No special first-time buyer class is required, interested homebuyers can submit their application and get pre-approved in minutes.
Newly increased FHA loan limits for 2026. Loan limits start at $541,287 for a single 1-unit property, even greater for high-cost locations.

Please note that FHA/HUD also has a special $100 down program for select HUD-owned properties throughout the nation. Click the highlighted link to learn more about the HUD 100 down program and to find approved HUD homes for sale in your area.

Florida first-time homebuyers will find the Hometown Heroes loan especially helpful for their closing costs and down payment assistance. The program allows income-eligible buyers working in select occupations obtain 100% FHA loans with help from the state. Learn more about the HomeTown Heroes Program here.

Buyers nationwide that meet eligibility requirements may also have down payment assistance options available that permit up to 100% FHA financing.

Please be sure to click the FHA Loan Details page above to learn more about this wonderful Government home loan. Affordable interest rates, available inventory, and increasing property values make this a wonderful time to purchase your new home.

If you have questions about the loan qualification or pre-approval requirements, let us help! To expedite your request, please fill out the short Info Request Form on this page. Submitted requests are often contacted within 10 min.

You can also call us 7 days a week/ 9am-8pm at Ph: 800-743-7556. See why FHA Mortgage Source is a leading info resource for all Government backed home loans. Spanish welcome.

Please be sure to visit our FHA News page above for the latest mortgage news and FHA loan Q&A.

Are you a home buyer looking to purchase a home in a more rural location? Please be sure to check into the 100% USDA Rural loan here. Your location could very well be approved for USDA financing. USDA Rural Housing requires NO down payment in qualifying locations.

FHA Mortgage Source is proud to serve multiple locations including Jacksonville Florida, Tampa, Atlanta Georgia, Orlando, Miami, Birmingham, Charlotte, Nashville, Memphis, Minneapolis, Los Angeles, Chicago, Dallas, and Houston