FHA Loans in Gilbert, AZ

FHA is how many first-time Gilbert buyers get into a single-family home with 3.5% down. Pair it with our down payment assistance and the cash to close drops further.

FHA Loans in Gilbert: what you need to know

An FHA loan is insured by the Federal Housing Administration, which lets lenders approve buyers with 3.5% down and more flexible credit than conventional guidelines. It is the most common first-time buyer program in Arizona.

• 3.5% down payment with a 580+ credit score
• Down payment and closing costs can come from gifts or our down payment assistance program
• Higher debt-to-income ratios allowed with compensating factors
• FHA 203k option to finance purchase plus renovation in one loan
• FHA Streamline refinance later with reduced documentation

The Gilbert market

Gilbert is where East Valley families buy. Master-planned communities, top-rated schools, and a steady flow of new construction from national builders. Buyers here compete with builder in-house lenders on incentives, and the right outside lender beats the builder's rate more often than people expect. Ricky has lived in Gilbert since 2012.

How Ricky's team handles FHA loans in Gilbert

Every file starts with a 15-minute strategy call. We map your goal, run the numbers on FHA loan against the alternatives, and issue a pre-approval that has been reviewed by a human underwriter, not a pre-qualification from a form. You get weekly updates, one point of contact, and a closing date we hit. Ricky Khamis has been lending in the Valley since 1999, is an 82nd Airborne veteran, and personally reviews FHA loan files.

Frequently asked questions

What credit score do I need for an FHA loan in Gilbert?

FHA allows 3.5% down with a 580 or higher score under agency rules. Lender overlays vary. If your score is below that, we'll tell you exactly what to fix and how long it takes.

Can I buy a condo in Gilbert with FHA?

Yes, if the condo project is FHA approved or qualifies for a single-unit approval. We check the project before you write an offer so there are no surprises.

Is FHA only for first-time buyers?

No. Anyone who will occupy the home as a primary residence can use FHA, as long as they meet the guidelines.

Can I combine FHA with down payment assistance in Gilbert?

Yes. Our FHA Buyer's Choice DPA program provides 3.5% or 5% of the purchase price toward down payment and closing costs, with no first-time buyer or income requirement.

Source: Ricky Khamis, President of EPiQ Lending, NMLS #173141, Scottsdale, Arizona. Program guidelines change; contact us for current terms. Not a commitment to lend.