580 fico score: What is an FHA Loan? Who is most likely to use it?
- 03/23/23 04:01 PM
FHA financing, all the information you need to know and then some. Being in this industry for over 20 years, 24 actually as I type this blog, I have used FHA Financing for probably 65-70% of all the home buyers I have worked with. On average, I close 40 plus transactions a year, and the bulk of those have been with first time home buyers. The FHA loan is the most popular government-backed home loan in the country. These low down payment loans are made by qualified lenders and guaranteed by the Federal Housing Administration (FHA). FHA loans require just a 3.5% down payment (2 comments)