FHA mortgages are insured by the Federal Housing Administration,
a federal agency within the Department of Housing and Urban
Development.
FHA mortgages are government-assisted alternatives to
conventional financing and are great options for those who want to
put less money down or who have lower credit scores. They are
popular for home purchases and for refinancing. While these
mortgages do require expenses in the form of monthly mortgage
insurance, they still enable many homeowners who don't qualify for
conventional financing to purchase or refinance a home.
The advantages of an FHA loan include:
- Put as little as 3.5% down
- Qualify with less-than-perfect credit
- No appraisal required in some instances
- No pre-payment penalties
- Close in as little as two weeks
Call 888-673-5521 to see if you qualify
and get your personalized rate quote for an FHA loan.
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