FHA Loans
The Federal Housing Administration (FHA) primarily insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. FHA loans are an attractive option, especially for first-time homeowners as typically the borrower can be approved with 3.5% down vs up to 20% that is required on other loan programs.
Interested in learning more or want to see if you qualify for an FHA loan? Give us a call at (732) 969-9300 (NJ/FL) or (704) 230-0050 (NC/SC)!