- FHA Loan:
FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.
FHA loans are an attractive option, especially for First-Time Homeowners:
- 3.5% Low Down Payment
- Gift Funds Allowed
- Generally easier to qualify for than conventional loans.
- Cannot exceed statutory loan limits.