Your First Home Is Right Around the Corner
FHA loans are one of the most popular paths to homeownership for first-time buyers. With low down payments and flexible credit requirements, we help you get into your home sooner.
Apply for an FHA Loan
Why FHA?
Benefits of an FHA Loan
Low Down Payment
As little as 3.5% down — making homeownership accessible even if you haven't saved a large lump sum.
Flexible Credit Requirements
FHA loans are more forgiving of lower credit scores compared to conventional financing.
Great for First-Time Buyers
Designed specifically to help first-time buyers get into a home with less financial barrier to entry.
Competitive Interest Rates
Government-backed insurance allows lenders to offer competitive rates even to buyers with modest credit.
What You Need
FHA Loan Requirements
FHA loans are insured by the Federal Housing Administration, which allows lenders to offer more flexible terms. Here's what you'll generally need to qualify:
- Minimum credit score of 580 for 3.5% down (500–579 may qualify with 10% down)
- Steady employment history — typically 2 years with the same employer
- Debt-to-income ratio generally below 43%
- Property must be your primary residence
- Home must meet FHA appraisal and safety standards
- Mortgage insurance premium (MIP) required for the life of the loan
Quick Facts
Minimum Down Payment
3.5%
Minimum Credit Score
580
Max Debt-to-Income
43%
Loan Limits (El Paso Co.)
Up to $524,225
Diversified Lending of Colorado · NMLS# 272661 · NMLS# 2777159
How It Works
Your Path to Closing
01
Get Pre-Qualified
We review your income, credit, and assets to determine how much you can borrow.
02
Find Your Home
Shop with confidence knowing your budget and loan type are already in place.
03
Apply & Process
We handle the paperwork and coordinate with the lender on your behalf.
04
Close & Move In
Sign the final documents and get the keys to your new home.
Ready to Buy Your First Home?
Let's talk about your situation and find out if an FHA loan is the right fit for you.