What makes an FHA loan so special?
Because FHA loans are backed by the Federal Housing Administration, we can get great loans to awesome people like you who may have lower credit scores or patchy credit history.
Basically, if it turns out you can’t pay your mortgage (not gonna happen, we know!), the feds promise to give most of the money back to the lender that financed you to buy your home. This guarantee means we can offer you a loan even if your credit or income isn’t quite as high as you might want at the moment.
Here are the really great things about FHA loans:
- Down payment as low as 3.5%
- Limited closing costs
- Easier qualifying
- Can be used for your first home or you can be a repeat buyer