An FHA loan provides a government-insured loan with flexible loan options and low down-payment requirements.
What is an FHA loan?
FHA loans are mortgages backed by the U.S. Federal Housing Administration. FHA loans are a great fit for many homeowners due to the flexible guidelines, lower down payment (typically as little as 3.5% down), and higher allowable debt-to-income ratios. They are also a good choice for buyers with a lower credit score or shorter credit history. FHA loans are only available for a borrower’s primary residence.
If you want to learn more about FHA loans and the benefits they offer, reach out today!
Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.
**Lift Home Lending is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.
