FHA loans are backed by the Federal Housing Administration (FHA) and offer options for borrowers with less than perfect credit scores. Are you trying to fix your credit score or have limited savings for a down payment? Then this loan may be the perfect fit to help you achieve homeownership.
FHA Loans are especially attractive to…
- Buyers with less than perfect credit scores
- Buyers with limited funds for down payments
- First-time homebuyers with low to moderate income levels
Less than perfect credit score requirements
Even borrowers with bankruptcies or foreclosures in their past may still qualify for an FHA loan.
Competitive interest rates
Even borrowers with less than perfect credit can qualify for competitive rates with an FHA loan.
Don’t like surprising rate hikes? This loan has fixed rates so you can be certain of your monthly payment amount.
FHA 203(k) available
Do you need financing for home improvements as well? An FHA 203(k) not only finances the home but the costs for renovations as well.