Unfortunate events can happen to anyone at any time. These events can lead to financial difficulties affecting your ability to qualify for a traditional mortgage. That is why at Primary Residential Mortgage, we research all possible ways available to give you another chance at homeownership.

The FHA Choice Loan is a program specifically designed for borrowers with less-than-perfect credit, giving them the golden opportunity to finance a home with a low down payment.

This government-insured FHA loan option is ideal if you have been hitting dead ends every time you apply for a traditional mortgage.

Get this 30-year mortgage with a fixed rate even if your credit score is in the 500s.

Key Features of FHA Choice Loans

  • 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

Key Benefits Of FHA Choice Loans

Our FHA Choice Loan can be just the option you’re looking for.

Generally speaking, lenders look for credit scores of 640 or more in credit reports. These reports usually go back years, often decades. At Primary Residential Mortgage, we recognize that some borrowers have things in their credit report from the past dragging their scores down and preventing them from qualifying for a low mortgage rate now.

The FHA Loan Choice program allows us to look beyond your credit score and into your credit-worthiness on the merits and circumstances in your recent financial history. This ups your chances of getting this 30-year, fixed-rate mortgage even with a credit score in the 500s.

What are you waiting for? Turn homeownership into a possibility with Primary Residential Mortgage. We are one of the top mortgage companies in the US, with the national presence to leverage better terms and rates, and the local presence to understand the market.

Talk to us today about how we can turn your dream home into a reality.