Whether you’re a first-time or a repeat homebuyer, or you need to refinance, an FHA loan may be worth exploring
What is an FHA loan?
FHA-insured loans let buyers borrow money to purchase a home with a down payment of as little as 3.5%. In essence, it may make your mortgage more affordable if you don’t qualify for a conventional loan.
The FHA provides mortgage insurance on loans issued by private lenders, backing them financially in case borrowers default or do not…