FHA Loans

FHA Loans

Find the loan program that fits your goals and take the next step toward financial freedom!

FHA Loans make homeownership possible for more people — especially first-time buyers, those with lower credit scores, or buyers who want to put down less money upfront.

At OpenKey Mortgage Advisors, we help families across South Carolina use FHA Loans to make their homeownership dreams a reality with flexible guidelines and straightforward guidance.

What Is an FHA Loan?

An FHA Loan is a government-backed mortgage insured by the Federal Housing Administration. Because the FHA insures the loan, lenders can offer more lenient requirements than conventional loans.

Why Homeowners Choose FHA Loans

• Low down payment — as little as 3.5%
• Lower credit score requirements
• More forgiving debt-to-income ratios
• Great option for first-time homebuyers
• Seller concessions allowed up to 6%

FHA Loan Options We Offer

• FHA Purchase Loans – Ideal for first-time buyers or anyone with a smaller down payment
• FHA Streamline Refinance – A simplified refinance for current FHA loan holders with minimal paperwork
• FHA Cash-Out Refinance – Access equity in your home while keeping the benefits of an FHA loan

Who Typically Qualifies for an FHA Loan?

FHA Loans are designed to help more people qualify. Most clients we help meet these general guidelines:

• Credit score as low as 580 (with 3.5% down) or 500–579 (with 10% down)
• Steady employment and verifiable income
• Debt-to-income ratio up to 43%–57% (depending on the lender)

Why Choose OpenKey Mortgage Advisors for Your FHA Loan?

• Independent brokerage – we compare multiple FHA-approved lenders
• Fast, friendly service with real people who answer the phone
• Clear explanations so you understand every step
• Strong relationships with lenders who specialize in FHA programs