Federal Housing Administration (FHA) loans offer flexibility for a borrower who may not realize they can qualify for a mortgage.
Many homeowners who utilized the FHA program
- Enjoy a variety of payment terms,
- Do not pay pre-payment penalties,
- Have lower credit scores,
- Only put down a 3.5% down payment.
If you are confident you can afford a home, but may have some challenges to overcome, an FHA loan may be right for you.
Loans subject to credit approval, income, and other guidelines.