FHA Home Loans Louisiana | 500+ Credit | Manual Underwrites | NMLS #1680348
FHA Home Loans · Louisiana · Mississippi · Florida · Texas · 9 States

FHA Loans —
A Real Path to Ownership at Every Credit Stage

580+ credit with 3.5% down. 500–579 with 10% down. Manual underwrites available. Complex files welcome.

FHA Loan Basics

Two Paths. One Program.

580+
Credit Score
3.5% Down Payment

With a 580 or higher credit score you can purchase a home with just 3.5% down. On a $200,000 home that's $7,000 down — not $40,000. The most common path for first-time buyers and those rebuilding credit.

500–579
Credit Score
10% Down Payment

Even with a score between 500 and 579 you may still qualify for FHA with 10% down. This path is less common but it's real — and for buyers working toward homeownership it's a legitimate option most lenders don't discuss.

Manual Underwriting

When AUS Says Refer — I Do the Work.

I got my start in lending as a processor, underwriter, and funder at Tower Loan. I know what an underwriter looks for because I was one. When I submit an FHA manual underwrite it's not a gamble — it's a strategically documented file built to tell your complete story.

FHA manual underwrites allow for higher DTI ratios with compensating factors — significant cash reserves, a history of on-time rent payments, or minimal payment shock. Most loan officers don't know how to document these. I do.

31/43
No Compensating Factors
37/47
One Compensating Factor
40/50
Two Compensating Factors
40/40
No Discretionary Debt

FHA manual underwrite DTI tiers. Front-end/back-end ratios. Ask me which applies to your situation.

Complex Files Welcome

Been Told No? Let Me Look at the File.

Commission Income
Self-Employed & 1099

I closed my own mortgage on commission income with just over one year in my role. Commission income qualifies — with the right documentation.

Past Credit Issues
Rebuilding After Hardship

Past bankruptcy, collections, or charge-offs don't automatically disqualify you. FHA has clear waiting periods and I know how to work within them.

High DTI
Debt-to-Income Solutions

My own FHA 203K closed at 51% DTI. With the right compensating factors and documentation — high DTI files can and do close.

FHA Questions

Frequently Asked Questions

What credit score do I need for an FHA loan?
580 or higher with 3.5% down. 500–579 with 10% down. Below 500 does not qualify for FHA. If your score is below 580 let's talk about a credit improvement plan — I typically get clients where they need to be in about 3 weeks.
Does FHA have mortgage insurance?
Yes. FHA has an upfront mortgage insurance premium (typically 1.75% of the loan amount, rolled into the loan) and an annual MIP paid monthly. This is the main trade-off of FHA vs conventional. For buyers who don't qualify for conventional it's a very reasonable cost for homeownership access.
Can I use FHA after bankruptcy?
Yes. FHA requires 2 years after a Chapter 7 discharge and 1 year into a Chapter 13 payment plan with trustee approval. If you're within or past these timelines let's look at your file.
What is an FHA Streamline Refinance?
If you already have an FHA loan the Streamline Refinance lets you lower your rate with minimal documentation and no appraisal required in most cases. If rates have dropped since you closed it's worth a look.
Should I call a lender or realtor first?
Always the lender first. For FHA especially — knowing your score threshold, your DTI situation, and whether a manual underwrite is needed before you start shopping saves you from falling in love with a home you can't close on. Call me first. Soft pull only.

Your Credit Score Is Not Your Final Answer.

Apply with a soft pull — zero impact to your credit — and let me show you what's actually possible today.

Start My FHA Application
Service Area

Serving Louisiana, Mississippi, Florida, Texas & 5 More States

Based in Baton Rouge, Louisiana — serving Denham Springs, Livingston, Gonzales, Walker, Zachary, New Orleans, Shreveport, Lafayette, and Lake Charles. Mississippi: Jackson, Gulfport, Biloxi, Hattiesburg, Mendenhall, Vicksburg. Florida: Tampa, Orlando, Jacksonville, Naples, Boynton Beach, and statewide. Texas: Houston, Dallas, San Antonio, Austin, and statewide.

Louisiana
Baton Rouge
Louisiana
Denham Springs
Louisiana
New Orleans
Louisiana
Lafayette
Mississippi
Jackson
Mississippi
Gulfport
Mississippi
Hattiesburg
Mississippi
Mendenhall
Florida
Tampa
Florida
Orlando
Texas
Houston
Texas
Dallas · Fort Worth
Texas
San Antonio
+ 5 States
AZ · CA · MO · NC · TN
James Hair
James Hair
Senior Loan Originator · First Option Mortgage · NMLS #1680348
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