FHA Special Programs
An FHA loan is a mortgage insured by the Federal Housing Administration. Allowing down payments as low as 3.5% with a 58O FlCO, FHA loans are helpful for buyers with limited savings or lower credit scores.
Home loans provided by the Federal Housing Administration (FHA) may make it easier for you to buy a home. Borrowers who are either new home buyers or cannot afford the traditional down payment of 5% may consider an FHA Loan.