The FHA Home Loan
The FHA home loan requires 3.5% down. They are one of the most popular types of mortgages among home buyers these days, particularly first-time buyers. This is one of the government-backed programs. One of the highlights of this program is, the down payment can be a gift from a family member.
An FHA loan will allow you to borrow up to 96.5% of the value of your home in 2018, if you have a credit score of 580 or higher. If your credit score is lower than a 580 you will need to be prepared to put 10% down.
What is the FHA Home Loan?
FHA Home Loan
Check out this video where Ryan Bazzell explains FHA and Conventional Home Loans.
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