Federal Housing Administration (FHA) loans are the easiest type of mortgage loan to qualify for because they require down payments that are lower than those required by conventional loans, and borrowers can have less-than-perfect credit. They also provide mortgage insurance for those purchasing principal residences. Funded by lending institutions, FHA loans are insured by the U.S. Department of Housing and Urban Development (HUD).
If you have additional questions about FHA loans and how they could help you and your family, Contact Mortgages Unlimited. We'd be happy to talk you through the process.