FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.
FHA loans are an attractive option, especially for first-time homeowners:
Generally easier to qualify for than conventional loans
96.5% Financing
Non-Occupying Co-borrower
Up to 6% Seller Concessions
Family member gift funds allowed for down payment
Lower rates of Mortgage Insurance
Accept Non-traditional lines of credit
Learn more about FHA loans. (Department of Housing and Urban Development)
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