When searching for a home, the list of anxieties can be very long. At the top of that list are the questions “Where and how am I going to get the money to make this happen?” and “How much do I need?” Well contrary to belief, you don’t have to be rich in order to buy a house.

A FHA, or Federal Housing Administration, loan is a loan backed by the government that allows you to buy a house with a down payment as low as 3.5%. So if you are looking at a house priced at $75,000, your down payment would be $2,625. And for the average person, that’s not a overwhelmingly large amount to save up and actually quite reasonable. Now there are some requirements, as with any loan, but the main one is a minimum 500 credit score. Those that have a 580 and above qualify for the 3.5% down payment. Those between 500 and 579 have to put down 10%.

Overall, a FHA loan is a great option for those with lower credit scores and little money to put down.