The FHA, or the Federal Housing Administration, was established by the government to improve housing conditions for Americans.
An FHA mortgage can be an attractive option to many first-time homebuyers, as down-payment requirements for a FHA mortgage can be less restrictive as well as other qualifying aspects.
- As little as 3.5% down (up to 96.5%)
- Down payment can be 100% gift from a relative
- Less credit restrictions
- Lower private mortgage insurance (PMI) premiums
- No cash reserves required
Contact us today to see if FHA financing is right for you!