Federal Housing Administration (FHA) loans have become more popular for home buyers.
Many home buyers select an FHA loan as their preferred mortgage option because this loan type does not require a large down payment.
FHA loans allow for a down payment as low as 3.5%, while at the same time providing more flexible requirements. This makes FHA loans ideal for first-time home buyers and those with less than “perfect” credit.
To find out if an FHA loans is right for your home buying needs,