FHA loans are insured by the Federal Housing Administration, which lets lenders offer a lower down payment and more flexible credit guidelines than most conventional loans. They are popular with first time buyers, but you do not have to be one to use them.
Who it fits
A smaller down payment
Buyers with a smaller down payment
Down payment helpRebuilding credit
Buyers rebuilding credit
Mortgage FAQA higher debt to income ratio
Buyers with a higher debt to income ratio
Affordability toolA 2 to 4 unit home
Buyers of 2 to 4 unit homes who will live in one unit
Philadelphia multi unitHow it works
FHA loans require a down payment of at least 3.5% for borrowers with a credit score of 580 or higher. The home must be your primary residence and must meet FHA property standards, which the appraiser checks.
FHA loans carry mortgage insurance: an upfront premium that is usually rolled into the loan, plus a monthly premium. We show you the FHA payment next to a conventional payment so the tradeoff is clear.
FHA loan requirements in Pennsylvania
- Down payment
- 3.5% with a 580 or higher credit score
- 2026 FHA limit, Bucks County
- $630,200 for a single unit home
- 2026 FHA limit, 2 to 4 units
- $806,750, $975,200 and $1,211,950
- Occupancy
- Primary residence only
- Gift funds
- Allowed for the down payment
Common questions
What credit score do I need for an FHA loan?
FHA guidelines allow 3.5% down at a 580 score. Individual lenders set their own minimums, which is one reason a broker helps: we know which lenders fit which profiles.
Can I remove FHA mortgage insurance?
On most current FHA loans the monthly premium lasts for the life of the loan when you put down less than 10%. Many owners refinance into a conventional loan once they reach 20% equity.
What is the FHA loan limit in Bucks County for 2026?
$630,200 for a single unit home. Philadelphia County has the same limit. Always confirm with HUD's lookup tool because limits update each year.
