What is an FHA Loan?
It's a Federal Housing Administration (FHA) loan. With an FHA loan:- You may purchase a home with a 3.5% down payment (and the down payment may be a gift from a relative)
- Underwriting guidelines are more relaxed than with other traditional loans
- The FHA can approve loans with higher debt ratios and less-than-perfect credit
All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately.