FHA Government Insured Mortgage
FHA Loans Are Insured By The Federal Government To Accommodate Those Borrowers Whose Credit Is Less Than Stellar And Who Perhaps Have Less Saved For a Down Payment. The FHA Loan Program Allows Credit Scores As Low As 580 (with certain restrictions) And Down Payments As Low as 3.5%, Ideal For a First Time Homebuyer.
FHA Loans Also Offer Many Benefits To Homeowners Who Want To Refinance Their Already Existing Home Loan For a Better Rate Or Term, Or To Take some Cash Out Of Their Equity.