The Federal Housing Administration (FHA) loan is a government-supported mortgage program provided to make homeownership more accessible.
Due to their favorable down payment requirement and flexibility regarding credit history, FHA loans are widely sought after. Just a down payment of 3.5% is required, so it’s easier for many people to purchase a home.
New homebuyers 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 an expert in Federal Housing Administration (FHA) loans to clarify what they are about, reach out to Wave Lending Group in Puyallup!
Our experienced team will provide comprehensive information on FHA loans and explain every step of the approval process in detail.
Here's how our FHA home loan process works:
Complete our simple FHA Loan Qualifier
Get options based on your distinct criteria and scenario
Compare mortgage interest rates and terms
Pick the offer that matches with your needs.
We look forward to talking with you!
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