Government
FHA Purchase 3.5% Down
Dreaming of homeownership? CMRE's FHA Purchase 3.5% Down loan program can make it a reality. With a low down payment and options starting at a competitive 6.25% rate, this government-backed loan opens doors for first-time homebuyers and those with limited savings.
Program Benefits
Low 3.5% down payment requirement.
More accessible credit requirements than conventional loans.
Competitive interest rates, with options starting at 6.25%.
Ideal for first-time homebuyers.
Backed by the Federal Housing Administration (FHA).
Potentially lower mortgage insurance premiums compared to some other loan types.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
55%
Loan Amount Range
$50K - $2M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Stable and verifiable income.
- •Debt-to-income ratio must meet FHA guidelines.
- •Proof of employment history.
Asset Verification
- •Sufficient funds for down payment and closing costs.
- •Verification of asset sources.
- •May require a minimum amount in reserves after closing.
Insurance & Title
- •Must obtain and maintain homeowner's insurance.
- •FHA requires upfront and annual mortgage insurance premiums.
- •Flood insurance may be required depending on the property's location.
Property Requirements
- •Minimum FICO score of 580.
- •History of responsible credit management.
- •May require explanation for past credit issues.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
The minimum FICO score is typically 580 to qualify for the 3.5% down payment option.
Yes, FHA guidelines allow you to use gift funds from eligible donors for your down payment and closing costs. Proper documentation is required.
No, there is no income limit for FHA loans. However, you must demonstrate stable and verifiable income to qualify.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
