FHA loans help borrowers that might have a hard time getting approved. There are several features designed to help more clients get a loan. The U.S Federal Housing Administration provides the backing for these loans. These loans aren't perfect for everyone, but their main appeal is that they make it easy to buy property.
Down payment as small as 3.5 percent.
Get approved to borrow with thin credit or problems in your credit history.
Buy single-family homes, condos, multi-unit properties, and manufactured homes with FHA backing.
Get extra funding (above and beyond your purchase loan) for renovations and repairs with the FHA 203k program.
Fund your down payment with gift money or help from the seller.
To go over specifics about how this loan program can work for you give us a call.