Is A FHA Loan Right for You?

 A popular choice for first-time homeowners, FHA loans are a great way to secure financing for borrowers who have less money to put down on a new house and lack the credit history to qualify for a conventional loan.

• Broader qualification requirements
• Flexible down payment options below 20%
• Eligible for Streamline refinancing 

The main goal of the Federal Housing Administration (FHA) is to improve the housing market and protect lenders in case a borrower was to default on their mortgage. Ever wondered what exactly is a FHA loan? It’s a great loan program that makes home ownership possible for more people. If you’ve had trouble find a conventional loan that works for you, a FHA might be right for you.