FHA Loans in Greenville, SC
Down payments may be as low as 3.5% for eligible borrowers. FHA loans offer flexible credit options for first-time and move-up buyers across Upstate SC.
Andrew and Sam Rysta help homebuyers in Greenville, SC explore FHA loan options, including down payments that may be as low as 3.5% for eligible borrowers, flexible credit requirements, and mortgage insurance details. The Rysta Team serves first-time and repeat buyers throughout Upstate South Carolina.
Speak directly with Andrew Rysta or Sam Rysta - local mortgage brokers serving Greenville and South Carolina.
What is an FHA Loan?
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. With down payments that may be as low as 3.5% for eligible borrowers, flexible credit requirements, and the ability to use gift funds, FHA loans are a popular path to homeownership for buyers in Greenville, SC.
Key Benefits of an FHA Loan
Why Greenville borrowers choose this program
Low Down Payment
Down payments may be as low as 3.5% for eligible borrowers.
Credit Scores from 580
Flexible credit requirements for a wider range of buyers.
Gift Funds Allowed
Family gifts can cover down payment and closing costs.
Assumable Loans
FHA loans can be assumed by a future qualified buyer.
Combine with DPA
Pair FHA with down payment assistance for even less down.
Qualification Requirements
- 3.5% down (10% down with credit 500–579)
- 580+ credit score for 3.5% down
- Primary residence only
- Debt-to-income ratio typically under 43–50%
- Mortgage insurance premium (MIP) required
How It Works
- 1
Get Pre-Approved
We review credit and income and issue an FHA pre-approval.
- 2
Find Your Home
Shop for a home that meets FHA property standards.
- 3
FHA Appraisal
An FHA-approved appraiser confirms value and condition.
- 4
Close
Sign your documents and move in with as little as 3.5% down.
Frequently Asked Questions
Related Loan Programs
Explore other mortgage options from The Rysta Team
Ready to get started?
Talk to a local Greenville mortgage broker today. Responsive preapproval support and guidance throughout the closing process.
The Rysta Team powered by Barrett Financial Group, L.L.C. | NMLS #181106. Andrew Rysta NMLS #2475952. Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval. Programs, rates, and guidelines are subject to change without notice.