FHA Loans · Medford Oregon
FHA Loans in Medford, Oregon
Government-backed financing with lower down payments — a popular choice for first-time homebuyers in Southern Oregon.
Overview
FHA loans are insured by the Federal Housing Administration and offer more flexible qualification requirements than conventional loans. For many first-time buyers in Medford, Ashland, and the surrounding Rogue Valley, an FHA loan is the most accessible path to homeownership. Stephen Harris holds the CFMP (Certified FHA Mortgage Professional) designation — meaning he has specialized, verified expertise in FHA programs that most loan officers simply don't have. He'll help you understand every aspect of FHA financing, including the mortgage insurance requirements. FHA loans require both an upfront mortgage insurance premium (UFMIP) and ongoing annual mortgage insurance premiums (MIP), which protects the lender if you default. Stephen will help you compare FHA costs with conventional alternatives to ensure you're making the best decision for your situation.
Who This Loan Is For
First-time homebuyers in Medford, Ashland, Central Point, and Grants Pass
Buyers with credit scores as low as 580 (with 3.5% down)
Buyers with limited savings for a down payment
Borrowers who have experienced past credit challenges
Buyers who want more flexible debt-to-income ratio guidelines
Key Benefits
Low Down Payment
As little as 3.5% down with a 580+ credit score — making homeownership accessible for more Oregon buyers.
Flexible Credit Requirements
FHA guidelines are more forgiving of past credit issues than conventional loan standards.
Competitive Interest Rates
Government backing allows lenders to offer competitive rates even for borrowers with less-than-perfect credit.
Higher DTI Tolerance
FHA allows higher debt-to-income ratios, giving more buyers the ability to qualify.
Gift Funds Allowed
Down payment can come from gifts from family members — helpful for buyers with limited savings.
Streamline Refinance Available
FHA borrowers can later refinance with reduced documentation through the FHA Streamline program.
Mortgage Insurance Included
FHA loans require mortgage insurance (both upfront and annual premiums), which protects the lender and allows for lower down payments and more flexible credit requirements.
Basic Qualification Guidelines
Minimum credit score: 580 for 3.5% down; 500–579 for 10% down
Debt-to-income ratio: typically up to 50% with compensating factors
Steady employment history: 2 years preferred
Property must be primary residence and meet FHA minimum property standards
Upfront mortgage insurance premium (UFMIP): 1.75% of loan amount
Annual mortgage insurance premium (MIP) required for the life of the loan in most cases (or until 20% equity is reached if down payment is 10% or more)
Not a commitment to lend. All loans subject to credit approval, property appraisal, and underwriting guidelines. Results may vary.
Get Pre-Approved
Free consultation · No obligation
Important Disclosure
FHA loans require mortgage insurance premiums (UFMIP and annual MIP). These costs vary based on your down payment, credit score, and loan term. Stephen will provide a detailed Loan Estimate showing all insurance costs and how they compare to conventional loan options.