FHA Choice Loan

Hey, nobody’s perfect.

We can still help you get a mortgage, though. The Federal Housing Authority’s Choice Loan is designed to assist borrowers whose less-than-perfect credit history makes it difficult for them to qualify for a traditional mortgage.This government-insured FHA loan option is ideal if you’re hitting dead ends every time you try to qualify for a mortgage. Get this 30-year mortgage with a fixed rate even if your credit score is in the 500s.

Key Features:

  • One of the industry’s lowest credit score requirements means greater accessibility
  • Compensating factors are allowed to qualify


Down Payment 3.5% of the final loan amount (on approved credit)
Terms 30 years, fixed rate
Credit Score 500 minimum
Mortgage Insurance Yes
Maximum Loan Limit Yes, varies by county

Equal Housing Lender
PRMI NMLS: 3094. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply.
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Florida Office of Financial Regulation MLD646.
Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Bureau of Financial Institutions: MC-2248 Broker MC-2248 NMLS # 3094. NMLS Consumer Access.
“Licensed by the New Hampshire Banking Department” 10706-MB. Branch Phone: 603-718-3184

Eric LaFleur MLO165839
NMLS #996610