January 6, 2025
An FHA loan is a loan backed by the Federal housing administration and is available to those with a 580-credit score and above. An FHA loan only requires a minimum of a 3.5% down payment as opposed to the traditional 20%.
FHA loans are government-insured to help make housing more affordable in the U.S. This insurance protects lenders from large losses, encouraging more lending.
How Much Do I Really Need for a Down Payment? If you're looking to purchase a home, you may be wondering if you really need to come up with the full 20% to put as...
An FHA loan is by the Federal Housing Administration, which protects lenders against defaults on payments allowing for lower down payment options as well as lower interest rates. This also allows lower credit score borrowers...
Dreaming of owning a home but struggling with the down payment? FHA loans, which are government-backed mortgages, offer a unique solution to help you achieve homeownership, especially if you don’t have the cash to cover...
At Avanti Way Financial, we know that navigating the homebuying process can be challenging, especially when it comes to understanding the various loan options available. One of the most accessible options for many potential homeowners...
As a home buyer in today’s market there are many challenges to getting approved for a home. Many may be unable to meet the traditional down payment requirements tied to conventional approval. You may also...
