FHA Loan ⋆ Guthrie Group Homes

Q: FHA Loan

[caption id="attachment_10994" align="aligncenter" width="1080"] Federal Housing Administration (FHA) Loan[/caption] What is an FHA Loan? A mortgage insured by the Federal Housing Administration – usually requires a good credit score and a down payment to qualify. An FHA loan is a loan that is backed by the Federal Housing Administration . It is designed to help people buy a home who may not have the money to make a big down payment. With an FHA loan, the borrower is able to make a smaller down payment and the government will help insure the loan, making it easier for the borrower to get approved.

FHA Loan

Posted by Libby Guthrie

What is an FHA Loan?

A mortgage insured by the Federal Housing Administration – usually requires a good credit score and a down payment to qualify.

An FHA loan is a loan that is backed by the Federal Housing Administration. It is designed to help people buy a home who may not have the money to make a big down payment.

With an FHA loan, the borrower is able to make a smaller down payment and the government will help insure the loan, making it easier for the borrower to get approved.