FHA Loan Guide

An FHA loan is a type of mortgage that's insured by the Federal Housing Administration (FHA). It’s designed to help people, especially first-time homebuyers get approved for a home loan, even if they don’t have perfect credit or a large down payment.

🔑 Key Features

✅ Low Down Payment: As little as 3.5%
✅ Lower Credit Score Allowed: Minimum 580 (or 500 with 10% down)
✅ Flexible income and debt guidelines
✅ Must be for your primary residence
✅ Requires mortgage insurance

🤔 Why Choose an FHA Loan?

It’s great if you:

✅ Are buying your first home
✅ Don’t have a high credit score
✅ Have a smaller savings for down payment