FHA loans are backed by the Federal Housing Administration and the Department of Housing and Urban Affairs. FHA loans offer more flexibility than a conventional loan. Here are some of the benefits of the FHA loan:

• Lower credit score allowed
• Minimum down payment of 3.5%
• Entire down payment can be gifted
• Higher debt to income ratios allowed
• Flexible credit guidelines allow for borrowers with previous credit problems to purchase with more ease
• Eligible properties for FHA loans include one-to-four unit structures
• Co-signer allowed for borrowers with less established credit
• Manufactured homes allowed on a permanent foundation

Call us today for more information and see if you qualify