FHA Loans

Benefits of FHA loans
  •  Low down payments
  •  Low closing costs
  •  Easy credit qualifying

What Do FHA Loans Offer? 
The Federal Housing Administration (FHA), which is part of Housing and Urban Development (HUD), insures the loan, so your mortgage professional might be able to offer a more attractive loan as well as allow some leniency on credit and funds to close. The down payment can be as low as 3.5% of the purchase price and many closing costs and/or fees can be rolled into the final loan amount. 

Some borrowers with past credit problems elect to use FHA for loans when they have a substantial down payment rather than getting a higher interest rate conventional loan. FHA tends to be more flexible than Conventional financing in the money needed to purchase the home.