FHA Loan Program

An FHA loan is a mortgage insured by the Federal Housing Administration, designed to make homeownership more accessible. It typically requires a lower down payment and has more flexible credit score requirements compared to conventional loans. This means borrowers who may have less savings or a less established credit history can qualify more easily. The government insures the loan, reducing risk for lenders and enabling them to offer better terms. While the borrower pays mortgage insurance premiums, the overall process is often more manageable for first-time or moderate-income buyers seeking affordable financing options.