Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. An FHA down payment of 3.5% is required. Borrowers who cannot afford a traditional down payment of 20% or can’t get approved for private mortgage insurance should look into FHA loans.
Quick and Painless Process
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
Accessible and Affordable Loans
The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s to provide mortgage lenders with adequate insurance, and to help stimulate the housing market by making loans accessible and affordable.