FHA Loans & FHA Mortgage Lender

FHA Loans

Powered by Bluestar Mortgage – Your Trusted FHA Mortgage Lender

At Bluestar Mortgage in Orlando, we help first-time homebuyers take advantage of financial assistance programs, including the City of Orlando First-Time Homebuyer Program. We offer flexible, low-down-payment options through FHA loans, making homeownership more accessible for low-to-moderate-income families. As a leading FHA mortgage lender and experienced FHA mortgage broker, we guide buyers through every step, from pre-qualification to closing.

What is an FHA Loan?

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration (FHA). It is designed to help first-time buyers, individuals with modest credit, or those with limited down payment funds. FHA loans are popular for their flexible qualification criteria, making them a smart choice for many buyers.

Benefits of an FHA Loan

FHA loans offer a wide range of advantages, particularly for first-time buyers:

Low down payments as little as 3.5%
Flexible credit requirements (580+ FICO for 3.5% down)
No need for perfect credit—past bankruptcies or financial issues may still qualify
Available in 15- or 30-year fixed or adjustable-rate options
Competitive interest rates due to FHA backing
Option to refinance with FHA Streamline (no appraisal or income re-verification needed)
Borrowers can roll closing costs into the loan

Who Are FHA Loans Best For?

FHA loans are ideal for:

First-time homebuyers
Buyers with lower credit scores
Individuals with limited savings for a down payment
Families qualifying for down payment assistance programs

As your trusted FHA mortgage broker in Orlando, Bluestar Mortgage helps you align your financial profile with FHA guidelines to ensure a smooth approval process.

Request A Free Consultation

FHA Loan Requirements

To qualify for an FHA loan through Bluestar Mortgage, you’ll generally need:

Minimum 580 credit score (500–579 may still qualify with 10% down)
3.5% down payment (based on credit score)
DTI (Debt-to-Income) ratio below 50%
Proof of steady income and employment

Funds to cover:

Upfront Mortgage Insurance Premium (UFMIP) (1.75% of loan amount)
Closing costs (typically 2–6% of home price)

Property Requirements:

Must be within FHA loan limits (e.g., $420,680 in standard markets, $970,800 in high-cost areas)
Must be your primary residence
Must meet FHA property standards

FHA Property Standards & Loan Limits

To qualify for an FHA loan, the home must:

Meet safety and structural guidelines established by the FHA
Be your primary residence (no investment or vacation properties)
Be occupied within 60 days of closing

Bluestar Mortgage, a top FHA mortgage lender, ensures that every property we finance meets these requirements, reducing delays and increasing approval speed.

Combine FHA Loans with Local Assistance

Combining an FHA loan with programs like the City of Orlando First-Time Homebuyer Program can provide significant financial benefits, including lower down payments and reduced upfront costs. As a specialized FHA mortgage broker, we help you maximize every available benefit, from grant programs to flexible mortgage terms.

Connect with an FHA Mortgage Expert at Bluestar Mortgage

Ready to buy your first home or learn more about FHA loan options? Call Bluestar Mortgage of Orlando at 321-400-5545 to speak with an FHA mortgage lender today. Our FHA experts will help you determine if an FHA loan is right for you and guide you through your best path to homeownership.

Request A Free Consultation