FHA Loan
What is an FHA Loan?
FHA (Federal Housing Administration) Loans are government-backed mortgage options tailored to support individuals with varying credit histories and down payment capabilities. These loans, insured by the FHA, offer attractive features for first-time homebuyers, including:
- Low Down Payment: With a down payment as low as 3.5%, FHA Loans enable more accessible entry into homeownership for those with limited funds for a down payment.
- Flexible Credit Requirements: FHA Loans often accommodate borrowers with less-than-perfect credit scores, making homeownership attainable for a broader spectrum of individuals.
- Assumable Loans: FHA Loans can be assumable, meaning a future buyer might take over your existing FHA loan, potentially offering an advantage when selling the property.
Ready to explore your FHA Loan options? Contact Bert Rogers today. Bert can help you achieve your homeownership goals with tailored loan solutions designed just for you.