FHA Loans
Overview
An FHA loan is a great choice for first-time homebuyers and anyone seeking low down payment financing in Indiana. Backed by the Federal Housing Administration, FHA loans feature flexible credit requirements and low down payment options, making it easier to purchase a home.
Key Features
✔ Low Down Payment – As little as 3.5% down on a Indiana home.
✔ Flexible Credit – Credit scores as low as 580 may qualify.
✔ Competitive Interest Rates – Attractive pricing for Indiana Indiana homebuyers.
✔ Assumable Loan – Potential selling advantage in a hot Indiana market.
Eligibility & Guidelines
✔ Must occupy the property as a primary residence in Indiana.
✔ Debt-to-income ratio typically up to 43%.
✔ Requires FHA-approved appraisal and property standards.
✔ Upfront and monthly mortgage insurance premiums required.
Ideal For
✔ First-time buyers in Indiana or surrounding Indiana communities.
✔ Borrowers with limited credit history looking for a Indiana mortgage.
✔ Buyers who want a low down payment without strict income limits.
Why Supreme Lending
At Supreme Lending, Tevis Durbin is committed to making the mortgage process feel clear, personal, and manageable from start to finish. Whether you are buying your first home, refinancing, investing, or exploring a more specialized loan option, Tevis can help you compare available programs, understand your next steps, and move forward with confidence.
With Supreme Lending’s wide range of home financing solutions and a team focused on responsive service, you will have support designed around your goals, your timeline, and your financial picture.
Contact us to explore all your loan and down payment assistance options
and start your path to homeownership today.