FHA Loan
What is an FHA Loan?
An FHA Loan is a mortgage insured by the Federal Housing Administration (FHA). It is designed to help low-to-moderate-income borrowers who may have lower credit scores and smaller down payments.
Benefits:
- Lower Down Payments: As low as 3.5% of the purchase price.
- Flexible Credit Requirements: More lenient credit score requirements compared to conventional loans.
- Assumable Mortgage: Can be transferred to a new buyer if you sell your home.
Is an FHA Loan Right for You?
If you're a first-time homebuyer or have limited funds for a down payment, an FHA Loan might be the perfect fit.
Take the Next Step
Ready to explore your options with an FHA Loan?