The Federal Housing Administration (FHA) loan is a government-backed mortgage program designed to make homeownership more accessible.
Due to their favorable 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 easier for many people to purchase a home.
Those buying their first home 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 a seasoned team in Federal Housing Administration (FHA) loans to explain what they are about, call Wave Lending Group in Puyallup!
Our experienced team will talk to you about FHA loans and outline every step of the approval process in depth.
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 matches with your needs.
We will be glad to talk with you!
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