FHA Loans
FHA Loans in North Carolina & South Carolina
A Friendly Mortgage Option for First-Time and Move-Up Buyers
Buying a home in the Carolinas? Whether you're a first-time buyer or moving up to your next home, an FHA loan might be exactly what you need. With low down payments, flexible credit requirements, and support from local state programs, FHA loans are designed to help more people become homeowners—without the traditional roadblocks.
Lower Down Payments
An FHA loan is a mortgage backed by the Federal Housing Administration. It’s designed to help buyers with:
- Lower down payments (as low as 3.5%)
- More flexible credit requirements
- Limited savings or financial history
- You do not need to be a first-time buyer to qualify.
- The home must be your primary residence, and the property must meet basic safety standards through an FHA appraisal.
Benefits of FHA Loans
Benefits of an FHA Loan
✅ Competitive interest rates
✅ Higher DTI flexibility (may qualify even with more monthly debt)
✅ Gift funds allowed for down payment and closing costs
✅ Seller can pay up to 6% of purchase price toward your closing costs
✅ Assumable loans – great resale feature in future
✅ Works with local NC & SC down payment assistance programs
Who Qualifies for an FHA Loan?
To be eligible, you’ll generally need:
- A credit score of 580+ for 3.5% down, or 500–579 for 10% down
- A steady income and job history (typically 2 years)
- A manageable debt-to-income ratio (up to 50% in many cases)
- To live in the home as your primary residence.
- To buy a home within FHA loan limits for your county
Carolina's Premier Mortgage Brokers
FHA Loan Process
1. Get Pre-Approved
Find out how much home you can afford with a simple consultation.
2. Shop for a Home
Work with your real estate agent and find the perfect place.
3. Apply for the Loan
We help gather documents, submit your application, and guide you through.
4. FHA Appraisal & Underwriting
The home is appraised to meet FHA standards, and your loan gets reviewed.
5. Clear to Close
Sign final paperwork, get your keys, and move in!
FHA Loan Limits 2025
- North Carolina: From $524,225 to $805,000 (varies by county)
- South Carolina: From $524,225 to $632,500
- These limits cover most homes across both states. We’ll help you check what applies to your area.
Local Advantages for NC & SC
North Carolina Buyers:
Programs like the NC Home Advantage Mortgage offer up to 3% down payment help and $15,000 for eligible first-time buyers in select areas.
South Carolina Buyers:
Programs like SC Housing's Palmetto Home Advantage offer up to 4% in forgivable assistance and extra benefits for teachers, nurses, veterans, and more.
Ask us how to qualify—we know these programs inside and out.
Common FHA Buyer Questions
Do I have to be a first-time buyer?
No! FHA is available to both first-time and repeat buyers.
Can I use gift funds?
Yes! Your down payment or closing costs can come from family, employer assistance, or local programs.
Will sellers accept FHA loans?
Absolutely. FHA is widely used in NC and SC. With a solid pre-approval, your offer will be taken seriously.
Can I use FHA for a fixer-upper?
Yes! Ask us about FHA 203(k) rehab loans if you’re eyeing a home that needs repairs.
Let's Make Homeownership Happen
FHA loans have helped thousands of buyers in North Carolina and South Carolina become homeowners—and they could be a perfect fit for you too. ✅ Ready to Get Pre-Approved? Apply now or schedule a free consultation. We’ll walk you through every step. 📞 Have Questions First? Contact us today and speak with a real person. No pressure. Just helpful answers. We serve buyers across North and South Carolina—Charlotte, Raleigh, Columbia, Charleston, and beyond. Let’s make your homeownership dream real.
Apply for an FHA Loan Pre-Approval
Contact Carolina Mortgage Brokers for expert mortgage advice and services.
What services does Carolina Mortgage Brokers offer?
Carolina Mortgage Brokers provide personalized mortgage solutions, including refinancing, loan pre-approvals, and first-time homebuyer assistance throughout North Carolina and South Carolina.
How can I apply for a mortgage with Carolina Mortgage Brokers?
What types of loans are available at Carolina Mortgage Brokers?
Unlock Your Dream Home Today
Explore tailored mortgage solutions with Carolina Mortgage Brokers. Our experts in Mecklenburg County ensure a seamless path to homeownership. Discover personalized rates that suit your needs.