Buying your first home is exciting—but getting started can feel challenging. FHA loans make homeownership more accessible with low down payment requirements and flexible credit options. At Corken + Company, we help first-time buyers through every step—from loan options to property search and offer strategies.
What Is an FHA Loan
An FHA loan is backed by the Federal Housing Administration and designed to help buyers with smaller down payments and varied credit backgrounds qualify. These loans require as little as 3.5% down and credit scores as low as the mid-500s, which opens doors for many households.
Benefits for First-Time Buyers
• Low down payment—just 3.5%, which reduces upfront cost
• More lenient credit standards—often attainable where conventional loans fall short
• Higher debt-to-income allowances—helping buyers qualify who may have existing debt
These features make FHA loans ideal for those ready to take their first step into homeownership.
Considerations Before Choosing FHA
Mortgage insurance costs
FHA loans require mortgage insurance premiums that continue for the loan’s life—but sometimes with benefits that outweigh cost. We help you compare total costs and calculate your breakeven point.
Property eligibility rules
FHA financing requires the property to meet safety and quality criteria. We help identify homes that pass FHA appraisal standards—saving time and surprises.
Loan size limits
FHA sets caps on how much you can borrow in each area. Corken + Company confirms loan limits and helps you find homes that match your financing eligibility.
How We Guide First-Time Buyers
Upfront consultation
We help assess whether FHA suits your financial profile and goals. Sometimes a conventional loan with 5% down makes sense, but often FHA is the smartest first step.
Streamlined lender connections
We introduce trusted FHA-approved lenders to get credit guidance, pre-approval and mortgage insurance planning moving early.
Targeted home search
Once you’re pre-approved, we align your search with FHA property guidelines and your needs—budget, location, lifestyle and growth.
Offer strength and negotiation
Even with FHA, we help craft competitive offers—supporting sellers with quick pre-approval documentation, contingency workflows and clear timelines.
Closing pathway planning
We coordinate with lenders, appraisers, title providers and escrow to keep closings on time. We also guide budgeting for closing costs and initial mortgage insurance.
Your Path to Ownership
FHA financing isn’t a compromise—it’s a legitimate first step. It provides a realistic pathway when ready cases might otherwise wait years. By choosing Corken + Company, you gain strategic guidance to navigate and accelerate the process.
If you’re thinking about buying your first home and want clarity on FHA or other options, let’s talk. We’ll walk you through what makes sense now—and help craft a plan that aligns with your future goals.
Reach out at www.corken.co or call 303‑858‑8003
Corken + Company | Real Estate Solutions Without Limits
