What are FHA Home Loans?
Federal Housing Administration or FHA provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single-family and multi-family homes in the United States and its territories. It is the largest insurer of residential mortgages in the world, insuring tens of millions of properties since 1934 when it was created. Designed for low-to-moderate income borrowers, FHA loans require lower minimum down payments and credit scores than many conventional loans.
- 203K Full and 203K Streamline
- 203H Disaster Loan
- 0 Score Financing Available
FHA Home Loans are a good option for first-time homebuyers who may not have saved enough for a large down payment. Even borrowers who have suffered from bankruptcy or foreclosures may qualify for an FHA-backed mortgage.