FHA Loans in Our Licensed States

FHA loans are accessible with credit scores as low as 580 with a 3.5% down payment. If your score is between 500-579, you may still qualify with a 10% down payment. At Spot On Lending, we've helped borrowers across various credit situations secure FHA financing, contributing to our 90% loan approval rate. We'll work with you to determine your eligibility and explore options to strengthen your application if needed.

Yes, FHA loans offer more flexible guidelines for borrowers with past credit challenges. Generally, you may qualify for an FHA loan 2 years after a Chapter 7 bankruptcy discharge, 1 year after a Chapter 13 bankruptcy with court approval, or 3 years after a foreclosure. At Spot On Lending, we specialize in helping borrowers rebuild their homeownership dreams after financial setbacks. Our expertise in FHA guidelines has helped many clients with past credit issues successfully secure mortgage financing.

FHA loan limits vary by county within each state. For 2025, the FHA loan limits range from $472,030 to $1,089,300 for single-family homes in California, depending on the county. In Texas, limits range from $472,030 to $549,900. Florida's limits range from $472,030 to $583,000, while Georgia's range from $472,030 to $515,200. As a licensed lender in all four states, we can help you determine the exact loan limits for your specific area and find the best financing solution for your needs.

Yes, you may still qualify for an FHA loan even with a past repossession on your credit report. FHA guidelines generally require that the repossession be at least 12 months old, with no new negative credit issues since then. At Spot On Lending, we've helped many clients with previous credit challenges secure FHA financing. Our 90% loan approval rate reflects our ability to work with diverse financial situations. We'll review your specific circumstances and help determine the best path forward for your mortgage needs across our licensed states of California, Texas, Florida, and Georgia.

FHA loans require a minimum down payment of just 3.5% of the purchase price with a credit score of 580 or higher. For example, on a $300,000 home, your down payment could be as low as $10,500. Additionally, we can help you explore down payment assistance programs available in California, Texas, Florida, and Georgia that might reduce your out-of-pocket costs even further. With our partnerships with various industry professionals, we've helped countless clients minimize their upfront investment.

Yes, FHA loans require two types of mortgage insurance: an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, which can be financed into the loan, and an annual mortgage insurance premium (MIP) ranging from 0.15% to 0.75% of the loan amount, paid monthly. Unlike conventional loans, FHA mortgage insurance typically remains for the life of the loan if your down payment is less than 10%. However, many borrowers later refinance to conventional loans once they build sufficient equity. Our team at Spot On Lending can help you understand these costs and develop a long-term strategy that minimizes your expenses.

Applying for an FHA loan with Spot On Lending is simple and convenient. You can complete our secure online application in just 12 minutes from anywhere. After submission, one of our FHA loan specialists will contact you within 24 hours to discuss your options and guide you through the next steps. With offices in Laguna Beach, CA and Marietta, GA, we serve borrowers throughout California, Texas, Florida, and Georgia. Our 97% client satisfaction rate and 21-day average closing time reflect our commitment to making your FHA loan experience smooth and efficient. Apply HERE.

At Spot On Lending, our average closing time is just 21 days for all loan types, including FHA loans. This is significantly faster than the industry average of 30-45 days. Our streamlined process, experienced team, and strong relationships with appraisers and underwriters allow us to move quickly without sacrificing quality. We've funded over $150 million in loans while maintaining our commitment to efficiency and our 97% client satisfaction rate.