The FEDERAL HOUSING ADMINISTRATION program continues to evolve potentially making these loans a good option if your needs and situation precludes you from qualifying for a conventional loan. Of course, we’ll always fully assess your situation, educate you on available options and help guide you to financing that suits your needs.
With this program, some of the features are:
- Depending on the area of the home, loan maximums can exceed the conventional loan limits
- Sellers may be able to help pay closing costs
- In most cases, the borrowers down-payment may be as little as 3.5 percent