An FHA loan is a mortgage that is insured by the Federal Housing Administration (FHA). FHA loans are typically more affordable with a smaller down payment. For those who may have had trouble qualifying for a conventional mortgage, an FHA loan could be a better option.
What are the benefits of an FHA Loan?
FHA Loans have these advantages:
· Fewer credit restrictions
· Prepay your mortgage without penalty
· Down payment as low as 3.5%
· FHA loans are assumable
· Even if you’ve previously filed for bankruptcy, you may still be eligible
Learn More about FHA Loans
For more information about FHA loans or to see if you qualify, contact one of our mortgage experts today. To learn more, we have provided this website to further assist you: