What is an FHA Loan

Today we’re talking about buyer education. I want you to know everything that I know. The first question is, “What’s an FHA loan?” FHA stands for Federal Housing Administration. FHA loans are low-down payment loans. The best part about FHA loans is that you can buy a home with 3.5% down. You can also have marginal to poor credit with scores as low as 500. So, think FHA: lower credit scores are ok and low-down payments are also ok.
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