FHA Loans

A loan insured by the Federal Housing Administration (FHA) designed for low-to-moderate income borrowers.


Federal Housing Administration (FHA) loans are government-backed mortgages that are insured by the FHA. This means that if a borrower defaults on the loan, the government will pay the lender. This can make FHA loans a more accessible option for borrowers who may not qualify for a conventional mortgage.

Lower Down Payment Requirements:

FHA loans typically have lower down payment requirements than conventional mortgages, which can make them a good option for borrowers who have limited savings or cannot afford a larger down payment. The minimum down payment for an FHA loan is typically 3.5% of the purchase price.

Flexible Credit Requirements:

FHA loans have more flexible credit requirements than conventional mortgages, which can make them a good option for borrowers with a lower credit score or limited credit history.

Mortgage Insurance Premiums:

FHA loans require borrowers to pay mortgage insurance premiums (MIPs) for the life of the loan. This can increase the overall cost of the loan and can make FHA loans more expensive than other mortgage options. Borrowers should consider the cost of MIPs when comparing FHA loans to other mortgage options.

FHA Loans Resources!

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