FHA Loans

A Federal Housing Administration (FHA) loan is a mortgage insured by the FHA. By insuring the loan, the FHA offsets the risk associated with lending to low- to moderate-income borrowers.

Benefits of FHA loans:

  • Lower minimum credit scores than conventional loans.
  • Down payments as low as 3.5%.
  • Debt-to-income ratios as high as 50% allowed.