The Federal Housing Administration (FHA) loan is a government-backed mortgage program provided to make homeownership more accessible.
Due to their favorable down payment requirement and flexibility in regards to credit history, FHA loans are in high demand. Just a 3.5% down payment is required, so it’s a simpler process for numerous homebuyers to purchase a home.
Those buying their first home and buyers with moderate 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, call Wave Lending Group in Puyallup!
Our experienced team will tell you all about FHA loans and outline every step of the approval process in full detail.
Here's how our FHA home loan process works:
Complete our simple FHA Loan Qualifier
Get options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Select the offer that matches with your needs.
We look forward to talking with you!
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