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Federal Housing Administration (FHA) loans are good for first-time home buyers and for those who need more financial flexibility. With lower rates and down payment requirements, FHA loans can make a big difference.
FHA loans were created to help people buy their first home. Since they’re insured by the FHA, these loans offer more flexibility in their lending requirements.
Benefits
Requirements
A popular option for anyone with good credit and a down payment of 20% or more.
For people looking at homes in higher price ranges and in higher-cost housing markets.
Offered to U.S. servicemembers, veterans and military spouses, and are guaranteed by the Department of Veterans Affairs.
Choosing the right type of loan for your needs is an important decision in house-buying.
Your credit score, the type of rate you choose and your property’s location are some of the factors that make a difference.
Use our simple home loan amount calculator to figure out how much you can borrow for a loan.