FHA loan · Wilmington, NC
FHA Loans in Wilmington, NC
FHA loans for Wilmington-area first-time buyers and credit-rebuilders. As little as 3.5% down, flexible credit, gift funds allowed.
FHA loans are a workhorse for first-time buyers in Wilmington, Leland, Castle Hayne, and the surrounding markets. Forgiving on credit, allows gift-fund down payments, and only requires 3.5% down.
Key features of FHA loans
- 3.5% down with FICO 580+
- Down payment can be a gift
- Higher DTI flexibility than conventional
- Two MI components (UFMIP + monthly MIP)
- Loan limits vary by NC county
- Eligible for primary residences only
Who this is ideal for
Wilmington-area first-time buyers and buyers with credit dings or limited down-payment savings.