The Federal Housing Administration (FHA) loan is a government-backed mortgage program provided 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 down payment of 3.5% is required, so it’s a simpler process for numerous homebuyers to buy 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 explain what they are about, contact Wave Lending Group in Puyallup!
Our experienced team will talk to you about FHA loans and outline every step of the approval process in detail.
Here's how our FHA home loan process works:
Complete our simple FHA Loan Qualifier
Receive options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Pick the offer that fits with your needs.
We will be glad to talk with you!
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