FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.
FHA loans are an attractive option, especially for first-time homeowners:
Generally easier to qualify for than conventional loans.
Lower minimum credit score requirements
Lower down payment requirements.
Cannot exceed county statutory loan limits.
203K loans offer funds to improve the property
Learn more about FHA loans here: HUD (Department of Housing and Urban Development)
