FHA Loan in Richmond, VA
Explore fha loan options, payment estimates, and next steps for buyers in Richmond, VA. Harris Capital Mortgage Group · NMLS# 1918223.
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Buying in Richmond, VA
Virginia has strong employment markets and diverse housing stock. Northern Virginia near DC commands premium pricing, our team specializes in this corridor.
Harris Capital Mortgage Group (NMLS# 1918223) is licensed to serve buyers in VA. Our loan officers understand the local market and will guide you through every step of the process.
Estimates are for informational purposes only and are not a loan approval or commitment to lend. Rates and terms subject to credit approval and change without notice.
FHA Loan, Common Questions
What is the minimum down payment for an FHA loan?
FHA loans allow down payments as low as 3.5% for borrowers with a credit score of 580 or higher. Scores between 500–579 require 10% down.
Does FHA require mortgage insurance?
Yes. FHA loans require an upfront MIP (1.75% of the loan amount) and an annual MIP paid monthly. For most loans, MIP continues for the life of the loan.
What credit score do I need for FHA?
Most FHA lenders require a minimum score of 580 for 3.5% down. Harris Capital will review your full profile to find the best available path.