FHA Loan
Low down payment mortgages insured by the Federal Housing Administration.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment. FHA loans are ideal for first-time homebuyers and those with less-than-perfect credit.
Low Down Payment
FHA loans require as little as 3.5% down, making homeownership accessible to more borrowers.
Flexible Credit Requirements
Borrowers with credit scores as low as 580 may qualify for an FHA loan with a 3.5% down payment.
Competitive Interest Rates
Because FHA loans are government-insured, lenders can offer lower interest rates than conventional loans.
Assumable Loans
FHA loans are assumable, meaning a buyer can take over the seller's existing FHA loan under the original terms.