FHA loans are mortgages given by approved lenders that are FHA-insured. These loans are intended to assist low- and moderate-income borrowers in qualifying for home loans. An FHA loan can be obtained with a lower credit score than a conventional mortgage; FHA loans also offer lower down payment requirements than most other mortgage options.
Furthermore, because these loans are federally guaranteed, homebuyers often qualify for lower interest rates than they would with conventional mortgages. Contact us immediately to find out if you qualify for this loan, as well as for further information and pricing.