BUY A HOME WITH AS LOW AS 3.5% DOWN PAYMENT
An FHA (Federal Housing Administration) loan is a loan insured against default by the FHA. In other words, the FHA guarantees that a lender won’t have to write off a loan if the borrower defaults – the FHA will pay. They are a great option for some borrowers. FHA loans allow people to buy a home with a down payment as low as 3.5% of the purchase price.