Powerful Benefits for First Time Home Buyers
First-time homebuyers and people building (or just starting to build) their credit scores can often benefit from getting an FHA mortgage. FHA loans are simple to qualify for and require small down payments, usually less than 20%. Many individuals with lower credit scores also qualify for an FHA mortgage.
Your FHA loan will come in a 30-year term and have fixed interest rates. You will have to buy FHA mortgage insurance if you choose this option.
Ready to start the mortgage process? Contact one of our FHA mortgage experts today to learn more about your options or get preapproved to see an estimate of what you can afford.