FHA Home Loans
Making Homeownership More Accessible
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. It's designed to help buyers who may not qualify for conventional financing get into a home, with a lower down payment and more flexible credit standards.
Equal Housing Lender - Member FDIC
NMLS #1831756
FHA Loan Benefits
Down payments as low as 3.5% for qualified buyers
More flexible credit score requirements**
Competitive interest rates**
Available to first-time and repeat buyers
Gift funds allowed for down payment
Seller can contribute to closing costs
Is an FHA Loan Right for You?
Get started today with your homebuying journey
FHA loans are a great fit if you:
Are buying your first home and have limited savings for a down payment
Have a credit score that doesn't meet conventional loan minimums
Have had past credit challenges and are rebuilding
Want the security of a government-backed loan
FHA Loan Requirements
Minimum credit score of 580 for 3.5% down payment (lower scores may require 10% down).
Property must meet FHA appraisal and safety standards.
Debt-to-income (DTI) ratio generally should not exceed 43–50%, subject to underwriting and compensating factors.
FHA loans require an upfront mortgage insurance premium (1.75% of the loan amount) and an annual mortgage insurance premium paid monthly.
MIP is required for the life of the loan for borrowers who put less than 10% down. Borrowers with 10% or more down pay MIP for 11 years.
FHA loan limits vary by county in Washington State. In most counties the 2026 limit is $541,287 for a single-family home. King, Pierce, and Snohomish counties have a higher limit of $1,063,750.
Let's Get You Started
Our loan officers will walk you through the FHA loan process and help you understand exactly what you need to qualify. No jargon, no pressure. Just straight answers.
Benefits of choosing Portage
Customization
We work with you to tailor loans to your specific needs and budget.
Ease
Our competitive rates, variety of options, and helpful approach make getting the right loan easy.
Relationships
We’re here to build a lasting partnership and find the best way to help you reach your goals.
Disclosures:
*All loans subject to credit approval. Rates, terms, and conditions subject to change. [NMLS #1831756]**Credit scores as low as 580 may qualify for 3.5% down; scores between 500–579 may qualify with 10% downYou have the right to receive a copy of any appraisal used in connection with your loan application.All rates are subject to change without notice and depend on creditworthiness, loan amount, term, and other factors. Contact a loan officer for a personalized rate quote.We are committed to fair lending. We do not discriminate on the basis of race, color, religion, national origin, sex, familial status, disability, age, or any other characteristic protected by law.Loan officers are licensed by the Washington State Department of Financial Institutions. Visit nmlsconsumeraccess.org.