FHA loans help many first-time homebuyers by offering easier qualification requirements than some other loans.
With lower minimum credit scores, small down payments, and flexible repayment terms, FHA loans make it easier for people to buy a home. Here’s an overview of the top FHA lenders in September 2025.
Top FHA Lenders and What Makes Them Stand Out
1. PNC Bank
Why Choose PNC Bank?
- Offers grants of $10,000 or more to help with closing costs (even more in some locations)
- Highly rated for customer service
Key Facts
- Available across all 50 states and Washington, D.C.
- Minimum credit score: 600
- Down payment required: 3.5%
- Median debt-to-income ratio: 45%
- Online rate calculator available
- Offers both fixed and adjustable-rate FHA loans
2. Rocket Mortgage
Why Choose Rocket Mortgage?
- One of the largest FHA lenders in the country
- Special “RentRewards” program that gives renters a closing cost credit equal to 10% of their yearly rent
Key Facts
- Available nationwide
- Minimum credit score: 580
- Down payment required: 3.5%
- Median debt-to-income ratio: 43%
- Online tools for comparing renting vs. buying
3. Chase Bank
Why Choose Chase Bank?
- Many local branches for in-person service
- Guarantee for an on-time closing (as quickly as three weeks) or you may get $5,000
- Many education resources, including a homebuyer podcast
Key Facts
- Available nationwide
- Minimum credit score: 620
- Down payment required: 3.5%
- Median debt-to-income ratio: 45%
- Easy-to-use online tools for estimating rates
4. Pennymac
Why Choose Pennymac?
- Largest FHA lender in the U.S. based on loans made in 2024
- Offers $2,000 credit towards refinancing closing costs if rates drop within three years
Key Facts
- Available nationwide
- Minimum credit score: 580
- Down payment required: 3.5%
- Median debt-to-income ratio: 45%
- 20-year FHA mortgage option, as well as 15- and 30-year options
- FHA Streamline and cash-out refinance available
5. U.S. Bank
Why Choose U.S. Bank?
- Offers qualifying borrowers a lower mortgage rate for the first year
- Quick online prequalification (doesn’t affect your credit score)
- Many online tools and financial education resources
Key Facts
- Available nationwide
- Minimum credit score: 640
- Down payment required: 3.5%
- Median debt-to-income ratio: 43%
- Online FHA loan calculator includes insurance premiums
6. Rate (formerly Guaranteed Rate)
Why Choose Rate?
- Wide variety of home-buying services (insurance, title services, home search)
- Educational courses for beginners and workshops
- Available nationwide
- Minimum credit score: 550
- Down payment required: 3.5%
- Median debt-to-income ratio: 46%
How Do You Get an FHA Loan?
- Compare lenders for the best rates and fees
- Use a mortgage calculator to see what you can afford
- Check your credit score
- Decide how much you can pay for a down payment
- Apply with multiple lenders and compare their offers
- Get pre-approved for the best offer
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Read next: Homeowners Rushing to Refinance as Mortgage Rates Hit Lowest Point Since March
