FHA loans are for your Primary Home purchase only and are an attractive option for two reasons:
- These loan programs only require a 3 ½ % down payment and
- These loans are insured by the Federal Housing Administration (FHA) which reduces the risk of loss if a borrower defaults on their mortgage payments. It is a more manageable loan to qualify for and thus provides an attractive choice for first-time homeowners.
We work hard to deliver what matters most to you and find the loan that fits your home buying goals
Paul Agliata, CEO of Home Loan Mortgage Lender