FHA Residential Loans
A Flexible Path to Homeownership.
An FHA loan is designed to make buying a home more accessible—especially for first-time buyers or those with less-than-perfect credit. FHA loans are insured by the Federal Housing Administration and are ideal for borrowers who may not qualify for conventional financing. With lower down payment options and flexible qualification standards, it’s a smart choice if you’re ready to move forward but need a little more room to qualify.
Because these loans are insured by the FHA, they generally involve lower down payments and credit requirements making them a great option for first-time buyers and those with hardships in their financial history. However, borrowers will be required to pay an upfront mortgage insurance, and monthly mortgage insurance payments going forward.
With an FHA loan from BayFirst, you can:
- Qualify with lower credit scores compared to conventional loans
- Put less toward your down payment than you would with a conventional loan
- Apply for closing cost credits
Why BayFirst?
At BayFirst, we’re Here for What’s Next®, including your new address. But before you can turn the key, you’ll need to find the right mortgage. For more than 20 years, BayFirst’s expert mortgage lenders have been helping buyers like you find the best rates, terms, and loan types to get you moving into your home sweet home.
What’s The Next Step?
Contact A Mortgage Expert
Unsure if a convention loan is your best option? We can help you weigh your options.
Get Preapproved
Easily apply online or in a banking center. Approval is fast and your funds are often available the same day.
Go Shopping
Stay within your preapproved limit, keeping in mind closing costs, inspections and other additional fees associated with buying a home.
Lock In A Rate
Once you’ve found the home you want, you’ll lock in a rate as the application is processed.
Move In
After the application process is complete, you’re clear to close, grab the keys and move on in.