A flexible path to a home in Anthem when credit or savings are still growing.
An FHA loan helps Anthem, Arizona buyers with a lower credit score or smaller savings. You can put about 3.5 percent down with a score near 580. Eric Kilstrom explains the mortgage insurance and whether FHA beats a conventional loan for you. See the first-time buyer guide or estimate a payment with the mortgage calculator.
General FHA guidelines. Your exact terms depend on your file. Eric confirms what applies to you.
| FHA | Conventional | |
|---|---|---|
| Down payment | ~3.5% | 3–20% |
| Credit score | ~580+ | ~620+ |
| Mortgage insurance | Always (MIP) | Only under 20% down |
General guidelines; your terms depend on your file. Eric compares both for your situation.
Many FHA buyers qualify with a credit score around 580 for the lowest down payment. Eric reviews your credit and tells you where you stand.
Often about 3.5 percent of the purchase price. Eric gives you the real dollar figure for your price range in Anthem.
Yes. FHA loans include a mortgage insurance premium. Eric explains the cost and how it compares to other loans.
Often yes, because of the lower down payment and flexible credit. Eric compares FHA with conventional and first-time buyer options for you.
Often you refinance into a conventional loan once you have more equity. Eric explains when that move makes sense.
Often yes, once enough time has passed and your credit has recovered. The wait depends on the bankruptcy type. Eric reviews your history and tells you where you stand today.
FHA loans let Anthem, Arizona buyers purchase with as little as 3.5% down and more flexible credit than conventional loans. Eric Kilstrom, a licensed Arizona loan officer based in Scottsdale, helps first-time and repeat buyers qualify and compare FHA against other programs.
Eric Kilstrom · NMLS #149562 · V.I.P. Mortgage. Compare all loan programs or get started below.
