FHA Loans
FHA Mortgages Built for First-Time Buyers
FHA loans open the door for borrowers who might not qualify for conventional mortgages. A smaller down payment, more flexible credit requirements, and a straightforward path to homeownership. That's the appeal. But the process can still be a maze. Rate shops. Appraisals. Title issues. Insurance calculations. We've walked thousands of borrowers through it. We know where the stumbles happen and how to keep you moving forward. Cumberland Mortgage Works specializes in FHA lending because it matters. You're making one of the biggest decisions of your life, and you deserve a lender who treats it that way.
What FHA Brings to the Table
FHA mortgages have real advantages for qualified borrowers. Here's what makes them work.
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Lower Down Payment
FHA allows down payments as low as 3.5 percent. That means you need less cash on hand to close and can build equity in your home sooner.
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Flexible Credit Standards
Your credit doesn't have to be perfect. FHA considers your full financial picture, not just a number.
See refinance options -
Competitive Pricing
FHA mortgages are stable and predictable. The terms are set by federal guidelines, so you know exactly what you're getting.
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FHA Mortgage Calculator
Plug in your details and see what an FHA mortgage might look like for you. This is a starting point, not a quote. Every loan is different, and we'll review your full situation before discussing numbers.
Calculator results are estimates provided for illustrative purposes only and may not reflect actual loan terms. This is not a commitment to lend, a preapproval, or an offer of credit. Actual rates, payments, and costs depend on credit approval, satisfactory appraisal, and underwriting guidelines. Consult a licensed loan officer for details.
FHA Questions Answered
FHA loans come with rules and requirements. We'll walk you through them.
What credit score do I need for an FHA loan?
There's no single cutoff. FHA allows credit scores lower than conventional loans accept. The program focuses on your overall financial picture—income stability, debt levels, down payment size, and payment history. We evaluate each application individually.
What's the maximum down payment I can make on an FHA loan?
There is no maximum. You can put down 3.5 percent or 25 percent or anything in between. A larger down payment lowers your monthly insurance costs and overall loan amount, so it's worth considering if you have the cash.
Do I have to pay mortgage insurance with an FHA loan?
Yes. FHA requires mortgage insurance to protect the lender if you default. There's an upfront fee at closing and an annual premium added to your monthly payment. The exact costs depend on your loan amount and down payment size.