Buy your Long Island home with as little as 3.5% down.
FHA loans have helped homebuyers since 1934 - lower down payments, easier credit qualifying, and closing costs that can be rolled right into the loan. Guided locally by Coltrain Mortgage.
Insured by HUD / FHAWhat makes FHA different
Low down payment
As little as 3.5% of the purchase price, with most closing costs and fees rolled into the loan.
Flexible credit
No minimum credit score requirement - underwriters weigh your last 12–24 months of payment history.
Government-backed
Insured by the Federal Housing Administration, part of HUD - so your lender can offer better terms.
Built for real life
Fixer-uppers, seniors, energy upgrades, manufactured homes - FHA has a program for each.
See if FHA fits your situation - it only takes a few minutes.
Five ways homeowners use FHA
Just starting out
Low down payment and easier qualifying make FHA the most common path for first-time buyers.
Buying a fixer-upper
Buy a home, fix it up, and finance the repairs all in one loan - or refinance to add repair costs to what you owe.
FHA reverse mortgage
Own your home outright or have a low balance? Convert a portion of your equity into cash.
Green home upgrades
Roll the cost of energy-efficiency improvements directly into your FHA mortgage.
Mobile & factory-built homes
Financing whether you own the land or the home sits in a manufactured home community.
An experienced guide
A Coltrain loan officer walks every FHA borrower through what qualifies and what to expect.
From application to closing
Get pre-qualified
A quick conversation tells you what you qualify for before you start touring homes.
Find your home
Shop with confidence - FHA covers 1–4 unit properties, condos, and manufactured homes.
We handle underwriting
Your loan officer manages documentation and keeps you updated at every step.
Close on your terms
Sign, get your keys, and move forward - most closing costs can be built into the loan.
A low score isn't an automatic no.
FHA doesn't set a specific minimum credit score. Underwriters look closely at your most recent 12–24 months of payment history - so a good recent track record can outweigh past difficulties, even if conventional financing has turned you down before.
Talk to a local FHA loan officer
Tell us a little about what you're looking to do and a Coltrain loan officer will personally reach out - usually within one business day.
- No obligation, no pressure
- Local Long Island loan officers, not a call center
- Answers on credit, down payment, and loan limits for your situation
Get Your Free Consultation
Thanks - you're all set.
A Coltrain loan officer will personally reach out shortly. Have a question right now? Call (631) 851-4420.
FHA loans, answered
What credit score do I need for an FHA loan??
FHA doesn't set a specific minimum credit score. Underwriters weigh your most recent 12–24 months of payment history, so a strong recent track record can outweigh past credit difficulties.
What are the 2026 FHA loan limits on Long Island??
FHA loan limits vary by county and are set annually by HUD. A Coltrain loan officer can confirm the current limit for your specific Suffolk or Nassau County property.
Can I use an FHA loan on a condo??
Yes, as long as the condo development is on HUD's FHA-approved list, or qualifies under FHA's single-unit approval process.
How is FHA different from a conventional loan??
FHA is government-insured with more flexible credit and down payment requirements. Conventional loans can offer lower long-term costs for borrowers with stronger credit - your loan officer can help you compare both.
Other loan programs on Long Island
Let's find out what you qualify for.
No pressure, no obligation - just a clear answer from a local loan officer.