The Federal Housing Administration (FHA) loan is a government-backed mortgage program designed to make homeownership more accessible.
Due to their low down payment requirement and flexibility in regards to credit history, FHA loans are very popular. Just a 3.5 percent down payment is required, so it’s convenient for many buyers to purchase a home.
New homebuyers and buyers with limited credit or down payment capabilities - those who cannot manage a traditional 20% down payment - are more likely to choose an FHA loan.
If you need an expert in Federal Housing Administration (FHA) loans to clarify what they are about, contact Wave Lending Group in Puyallup!
Our experienced team will talk to you about FHA loans and clarify every step of the approval process in full detail.
Here's how our FHA home loan process works:
Complete our simple FHA Loan Qualifier
Receive options based on your distinct criteria and scenario
Compare mortgage interest rates and terms
Select the offer that fits with your needs.
We will be happy to talk with you!
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