A Federal Housing Administration (FHA) loan enables you to qualify to purchase or refinance a home. This option offers flexible guidelines and maybe a great alternative for those who do not qualify for a conventional mortgage. This loan type is most commonly used for first-time homebuyers.
Things to know about this loan type:
Minimum downpayment of 3.5%
Relaxed qualifying guidelines
Higher Debt To Income ratio acceptable
If you are interested in a conventional loan, please contact one of our experts.
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