FHA Home Loan
An FHA home loan provides a government-insured loan with flexible loan options.
Less strict credit requirements and qualifications make this loan the easiest loan for buying a home or refinancing. Depending on your situation, FHA home loans can be a great loan option. Qualifying is simple!
How FHA Home Loans Work
According to FHA.com:
An FHA Loan is a mortgage that’s insured by the Federal Housing Administration. They allow borrowers to finance homes with down payments as low as 3.5% and are especially popular with first-time homebuyers. FHA loans are a good option for first-time homebuyers who may not have saved enough for a large down payment.
Some of the benefits of an FHA home loan include:
- Credit scores as low as 580 may qualify
- Refinance up to 97.75% of your primary home’s value
- Buy a home with as little as 3.5% down (primary home)
Got questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!