FHA mortgages remain a favorite among American consumers for many reasons. View FHA morgage basics below.
- Low down payment options
- Lower interest rates are very common
- Low closing cost and reduced mortgage insurance premiums recently have made FHA more competitive with Conventional lending programs.
- Seller can pay closing cost and gift for down payment are allowed.
- Easy/more lenient credit score requirements.
We'll show you the least expensive product for your given situation... very quickly! FHA remains flexible offering 3.5 percent down loans often to a 580 credit score. They sometimes accept lower scores with a larger down payment or a stronger equity positions in a refinance transactions. Great for refinancing with a strong equity position!
Get started with our point and click "No Obligation" Mortgage qualifier. Enter here: