One of the oldest programs for getting into your new home.
A Federal Housing Association (FHA) loan is a government-insured loan that helps people buy and refinance real estate, even when life hasn’t gone to plan. The FHA mortgage loan is an insurance program that has been helping people become homeowners since 1934 and continues to assist buyers in financing homes for their families to this day.
There are plenty of benefits when it comes to an FHA loan versus a conventional loan:
Get approval with credit scores as low as 580
Great for first-time homebuyers
Buy a home with as little as 3.5% down (just 1% when combined with down payment assistance programs)
All down payment and closing cost funds can be gifted from a family member
FHA REO eligible properties with $100 down
Buy a home while financing repairs or upgrades at the same time
Interest rates for FHA home loans change all the time based on market trends. While we can’t guarantee your specific percentage here and now, talk to one of our loan officers to lock in your exact interest rate.
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