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Many young families believe that there isn’t any way that they could afford purchasing a home in today’s economic landscape. Federal Housing Administration (FHA) loans were created to make it possible for low-income borrowers to be able to afford a home.
FHA loans help low-income borrowers get a loan and make a home purchase without making large down payments. In order to obtain one that is backed by the Federal Housing Administration, one must go through a FHA-approved lender (such as CityWide Home Loans).
There are a variety of reasons why a person would choose to go with a FHA loan, rather than a conventional program. Here are the reasons why FHA loans can help families and individuals who qualify:
Not everyone can qualify for a loan backed by the Federal Housing Agency. Here are some of the criteria that borrowers must meet before they are able to qualify for a FHA loan:
Call our experts today, to see if you quality for a FHA loan!
For consumer support and inquiries please contact our Consumer Solutions Dept. at 1 (866) 508-5515 or by email to [email protected].