The Federal Housing Administration (FHA) loan is a government-supported mortgage program designed to make homeownership more accessible.
Due to their favorable down payment requirement and flexibility regarding credit history, Federal Housing Administration loans are in high demand. Just a 3.5 percent down payment is required, so it’s convenient for many buyers to buy a home.
Those buying their first home 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 an experienced professional in Federal Housing Administration (FHA) loans to explain what they are about, contact Wave Lending Group in Puyallup!
Our experienced team will tell you all 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 distinct criteria and scenario
Compare mortgage interest rates and terms
Choose the offer that matches with your needs.
We will be glad to talk with you!
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