If you’d love to buy a home but lack credit, a down payment, or are unable to cover closing costs, an FHA loan may be the solution. FHA financing was developed to provide homebuyers with an alternative to conventional financing and include attractive and flexible guidelines.
Down payments as low as 3.5%
Minimum FICO score of 600
Great for first time home buyers
Seller can contribute up to 6% of borrower’s closing costs