FHA was created by the federal government to help provide affordable housing to qualified borrowers. These loans are federally insured and allow for more relaxed guidelines.
This helps make the dream of homeownership a possibility for many who might not otherwise qualify for more conventional mortgage products. Some of the benefits of an FHA mortgage are:
• Lower credit score threshold
• Low down payment requirements
• Up to 6% seller paid closing costs
• Fixed and Adjustable products
If you think an FHA loan might be right for you, please contact me for more information.