Purchase a home with as little as 3.5% Down
An FHA Loan is a mortgage that is insured by the Federal Housing Administration (FHA). This type of loan is popular among first time home buyers. On FHA Loans, borrowers must pay mortgage insurance premiums, which protect the lender if a borrower defaults.
FHA Loans are great for buyers with lower downpayments and can be easier to qualify for than conventional loans
Benefits of FHA Loans:
Low Down Payments
Less Strict Credit Score Requirements
Sellers may contribute up to 6% towards your closing fees
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