Complete insurance guide for FHA home loans in South Carolina and Georgia. FHA loans are popular with first-time buyers for their low down payment (3.5%) and flexible credit requirements. Total Quality Insurance helps FHA borrowers meet lender insurance requirements while comparing 30+ carriers for the best rates.
FHA loans have two types of insurance requirements: homeowners insurance (protects you) and mortgage insurance premium (protects the lender). Here's what you need:
Avg cost: $100-$200/month in SC/GA
Avg cost: $100-$300/month
Work with an FHA-approved lender. Minimum credit score: 580 for 3.5% down, 500 for 10% down.
FHA requires the home to meet minimum property standards (safety, security, soundness) via an FHA appraisal.
Call 706-434-8184. We compare 30+ carriers to find coverage that meets FHA requirements at the best rate.
We send declarations directly to your lender with correct mortgagee clause and coverage amounts.
With insurance in place, you're ready to close. Congratulations on your new home!
Compare FHA-compliant insurance from 30+ carriers. Free, no-obligation quote.