FHA Loan

In today’s market, many lenders’ mortgage underwriting requirements have made getting a conventional loan almost impossible, even for responsible borrowers with a good credit history.  One mortgage option that many borrowers are turning to is the FHA Loan.

An FHA Loan is a loan program backed by the government to aid borrowers who may not qualify for conventional mortgage underwriting.  FHA Loans may be approved with as little as 3% down and, as such, they are very popular with first-time home buyers.  FHA Loan amounts vary by geographical region.