Are you a first-time home buyer, moving to a new home, or refinancing your current conventional or FHA loan? The FHA offers loan programs that allow you to purchase a home with a low down payment and flexible guidelines. It can be challenging to pay the upfront costs of purchasing a new home. To help overcome this hurdle, many local and state agencies offer down payment assistance programs in the form of grants or second mortgages. The FHA has loan limits that determine how much you can borrow. Look up the requirements for your state to see what type of FHA home loan is available.