FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA). Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.Typically the borrower can be approved with 3.5% down vs 20% that is required on other loan programs.
What are FHA Loans?
FHA Loans are offered by the Federal Housing Administration.
Benefits of FHA Loans
FHA Loans have many benefits, particularly for first time home buyers.
FHA Loan Limits
The amount you can borrow for a FHA loan depends on where you live.
How Can I Get a FHA Loan?
There is a process behind getting a FHA loan. Contact us for more information.