The Federal Housing Administration (FHA) loan is a government-backed mortgage program offered to make homeownership more accessible.
Due to their low down payment requirement and flexibility in regards to credit history, Federal Housing Administration loans are very popular. Just a 3.5% down payment is required, so it’s a simpler process for numerous homebuyers to purchase a home.
New homebuyers and buyers with modest 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 a knowledgeable specialist in Federal Housing Administration (FHA) loans to explain what they are about, contact Wave Lending Group in Puyallup!
Our experienced team will provide comprehensive information on FHA loans and explain every step of the approval process in full detail.
Here's how our FHA home loan process works:
Fill out our simple FHA Loan Qualifier
Get 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 glad to talk with you!
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