With a relatively low down payment minimum, FHA has been dubbed the "first time home buyers" loan type for a reason... since 1934 this Federally-insured loan program requires lower credit requirements than traditional conventional loans and has helped countless Americans become homeowners.
FHA Home Loans feature more than just a low down payment, they are also characterized by having low closing costs and a much lower credit score requirement than most other traditional loan types.
The FA home loan program has a minimum down payment of 3.5% and can be used for 1-4 unit properties. In addition to be a very cost-effective loan type, some additional features of the FHA home loan type include:
To learn more about the FHA First Time Home Buyers Program, contact us today »