FHA LOANS
// A good option if you have debt or a lower credit score.
What is a FHA Loan?
A Federal Housing Administration (FHA) loan might be a good option if you have debt or a lower credit score. You may even be able to get an FHA loan with a bankruptcy or other financial issue on your record. FHA loans are insured by the FHA, which simply means that the owners of your mortgage are protected against loss if you default on your loan.
// Perfect for first time home buyers
Why is this loan so attractive?
Low down payment and lenient credit score requirements often make FHA loans the perfect option for home buyers, especially first-time home buyers.
Here are some benefits of FHA loans:
Credit score requirements are low compared to most others
Your lender can accept a low down
Qualifying for an FHA loan can still be possible even if you have a bankruptcy or other financial issues in your financial history.
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