An FHA loan is a mortgage which is insured by the Federal Housing Administration (FHA). FHA loans are popular with first time buyers due the little down payment required (3.5%) and a lower required credit score of 580 or higher.
An FHA loan is a mortgage which is insured by the Federal Housing Administration (FHA). FHA loans are popular with first time buyers due the little down payment required (3.5%) and a lower required credit score of 580 or higher.