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FHA Loans (Federal)

Georgia

Last verified
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Assistance

3.5%

Of the purchase price, as the program sets it

Repayment

Grant

Not repaid

What is FHA Loans (Federal)?

FHA Loans (Federal) is gift funds for homebuyers in Georgia.

  • FHA loans backed by the Federal Housing Administration allow eligible homebuyers to purchase a home with as little as 3.5% down (credit score 580+). The entire down payment and closing costs can come from gift funds provided by approved donors including family members, employers, nonprofits, and government agencies. Borrowers with credit scores of 500–579 may qualify with a 10% down payment. Mortgage insurance premium (MIP) is required. FHA loans are available nationwide for primary residences.
  • Low down payment (3.5% for 580+ credit score).
  • flexible credit requirements (500+ FICO).
  • 100% of down payment can be gift funds from approved donors.
  • competitive interest rates.
  • available for purchase and refinance.
  • no prepayment penalty.

How much assistance does it provide?

FHA Loans (Federal) provides assistance worth 3.5% of the purchase price, as set by the program.

  • The program asks buyers to contribute 3.50%.
  • The program can be combined with other assistance, subject to the rules of each.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

FHA Loans (Federal) is structured as a grant, so it is not repaid.

  • The assistance is recorded in 1st Lien position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHA Loans (Federal) is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A minimum 580 credit score
  • Citizenship or immigration status: Legal Resident
  • Minimum 580 credit score for 3.5% down payment. Credit scores 500–579 may qualify with 10% down. Down payment can be 100% gift funds from approved donors. Mortgage Insurance Premium (MIP) required. 2-year employment history required.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What kind of home can it be used for?

FHA Loans (Federal) caps the purchase price as follows: Subject to FHA loan limits: $541,287 for most Georgia counties; up to $718,750 in high-cost areas (2026). Check HUD for county-specific limits.

  • Eligible property types include Single Family, Condo, Townhouse, 2-4 Unit, Manufactured Home, and New Construction.
  • New construction is eligible.
  • Manufactured homes are eligible.

Where does it apply?

FHA Loans (Federal) serves buyers purchasing anywhere in Georgia.

How do you apply?

Applications for FHA Loans (Federal) go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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