An easier way to qualify

Life happens. Sometimes that means a few dings on the credit report. We understand.

That’s why Planet offers FHA home loans to help homebuyers looking for:

  • Low down payment
  • Low closing costs
  • Easy credit qualifications

If that sounds like what you need, call us at 888-966-9044 or apply online now.


Unlike conventional loans, FHA loans are backed by the Federal Housing Administration. That means we can offer you great interest rates. And with various loan term options, we’re here to help get you home.

FHA Home Loans FAQ

What are the FHA home loan requirements?

To meet FHA loan requirements, the home needs to be appraised by a certified appraiser and inspected to make sure it meets certain standards. The home must also be your main (primary) residence.

How do I qualify for an FHA home loan?

To get the low down payment advantage, and only pay 3.5% down on your mortgage, your credit rating typically needs to be at least 580. If your credit score is below 580, you still might qualify, but your down payment amount would have to be at least 10%.

FHA credit requirements cover more than just your credit score. We’ll also look at your payment history, income, and other factors. Talk to a Planet professional and see what your options are: 888-966-9044.


Can I get an FHA home loan as a first-time homebuyer?

Absolutely. FHA home loans are great for everyone from first-time buyers to retirees. You can even use an FHA home loan to buy a manufactured home. Call us at 888-966-9044 to learn more.

What’s an FHA 203(k) loan?

An FHA 203(k) loan can be used to buy a home and pay for remodeling and upgrades. Your renovation costs are added to your home loan, so you can pay them off over time as part of your monthly mortgage payments. These funds can be used for everything from curb appeal to spa bathrooms to roofs and flooring.

Can you build a home with an FHA loan?

Yes! Imagine crafting your dream home from scratch, tailored to your unique needs. An FHA One Time Close home loan can turn that dream into reality. This loan combines the financing for both the land and new home construction costs into one package. With a down payment of 3.5% and more flexible credit requirements, buying and building a new home with an FHA loan is surprisingly easy with Planet on your side.

Can you buy a manufactured home with an FHA loan?

Yes, Planet’s FHA loan covers manufactured homes. We’ll be at your side throughout the home journey, guiding you through the specific details related to buying a manufactured home with an FHA loan. Reach out to our home loan professionals today to get started.


What are FHA home loan interest rates right now?

Rates change quickly — sometimes every hour. Planet works hard to bring you the lowest possible rates. Call us at 888-966-9044 or ask us for a quote to find out more about how you can save.