An FHA loan is a good option for first-time home buyers, especially if you have a low credit score. Learn about FHA loan benefits and whether it's right for you.
Do you need to meet income requirements to qualify for a mortgage? Find out here, along with what counts as an income source.
Quick insights ; FHA loans are mortgage loans insured by the Federal Housing Administration (FHA), making them an appealing option for first-time homebuyers or individuals looking for a lower down payment option. FHA loans tend to have lower qualification standards and require a minimum down payment of 3.5%, making homeownership more accessible for borrowers with lower credit scores or past financial difficulties. There are different loan options for various borrowers, including homebuyers looki...
Explore conventional mortgages: benefits, requirements, and how they compare to other loan options. Learn if a conventional mortgage is right for your homebuying journey in 2024.
A Federal Housing Administration (FHA) loan is a mortgage that is insured by the government and issued by a bank or other approved lender.
In order to qualify for a mortgage, you’ll need to meet a lender’s minimum loan requirements for income, debts, down payment and credit score.
Explore FHA loans, a popular mortgage choice for first-time buyers and those with lower credit scores. Learn about requirements, benefits, and how to apply.
FHA loans are government-backed mortgages, insured by the Federal Housing Administration and designed to create a more accessible path to homeownership, particularly for first-time buyers.
Looking for a government-insured mortgage with more lenient acceptance criteria? Learn more about FHA loans, requirements, and if it’s the right mortgage for you.
qualify for an FHA mortgage: The loan must be for a principal residence (not a vacation or second home). At least one borrower must occupy the property within 60 days of closing and intend...