The Federal Housing Administration (FHA) insures qualified loans to promote home ownership for those with
- Low or moderate income
- Limited savings
FHA loan limits vary by county, with larger loan amounts allowed in areas with higher housing costs. This makes it a perfect program for first time home buyers. Contact a mortgage consultant to see about FHA loan limits in your area.
FHA loan features include
- Low down payment requirements
- Flexible income, debt and credit requirements to help borrowers qualify
- Down payment and closing costs that may be funded by a gift, grant or secured loan.
Contact Mary Woodbury at email@example.com for more information or questions about an FHA loan.