An FHA loan is a mortgage product that is guaranteed by the Federal Housing Administration (FHA). FHA loans are typically the easiest loans to qualify for because a borrower can have less than perfect credit. Also, FHA loans only require a down payment of 3.5%. FHA loans are not just for first time homebuyers, but can be a great mortgage option for many borrowers.
- Qualify with less than perfect credit
- Low down payment of just 3.5% (580 and above credit)
- Qualify quicker after bankruptcy
- Low closing costs
We’ll help you see the differences in loan programs and ultimately find the mortgage product that is going to best fit your financial needs.