FHA Insured Financing

Fha Loan First Time Buyer

FHA loans often attract first-time buyers because the threshold to qualify is often not as stringent as it would be for a conventional mortgage. To qualify for an FHA loan, borrowers must generally be able to:

FHA doesn’t actually make loans. Instead, it insures loans so that if buyers default for some reason, the lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan.