Overcome credit and asset challenges to homeownership
FHA loans are a type of government loan widely used by first-time homebuyers and people with low-to-moderate incomes. FHA loans offer down payments options as low as 3.5%. They also require upfront and annual mortgage insurance premiums.
Ideally Suited for
- Those with lower credit scores
- Those with down payments of less than 20% of the purchase price
- Easier to qualify for than a conventional conforming loan
- Financing up to 96.5% of the purchase price