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818-952-2726
FHA loans are popular for two primary reasons.
First is that they have a low down payment requirement of just 3.5%.
Second is that most FHA lenders are more flexible with income and credit qualifying. That may help you qualify for an FHA Loan when compared to a Conventional Loan.
FHA loans typically have lower interest rates.
That being said, one thing to consider when comparing options is that All FHA loans have Mortgage Insurance (M.I.) so if you have solid credit you may want to talk with us about Conventional Fannie Mae and Freddie Mac types of loans that may provide a lower overall payment and a similar down payment option.
Call us at 818-952-2726 to discuss how an FHA loan may help you achieve your goals or contact us via email by clicking here.
Be sure to check out the documents we will need to gather resource guide below!