FHA LOANS

An FHA loan is tailored more toward a borrower that is looking for a lower down payment as well as flexibility with credit score and debt-to-income ratio requirements. An FHA loan is popular with the first-time homebuyer. This loan is backed by the Federal Housing Administration which provides the lender the opportunity to assist more borrowers in the home buying process. A popular feature with this loan is the ability to qualify with only 3.5% down. Gift funds are acceptable to help towards your down payment and closing costs.