FHA Loans

FHA loans are mortgage options backed by the Federal Housing Administration, designed to help individuals, especially first-time homebuyers, qualify for a home loan. They offer lower down payment requirements (as low as 3.5%) and more flexible credit score criteria compared to conventional loans. This makes homeownership more accessible for those with limited financial resources or credit challenges. While FHA loans come with mortgage insurance to protect lenders, they can be a practical choice for buyers looking to enter the housing market with less upfront cost.