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Advertiser InformationAn FHA loan is a mortgage option with low down payment and credit requirements. FHA loans are offered to U.S. homebuyers by FHA-approved lenders and insured by the Federal Housing Administration. Eligible borrowers can be approved with as little as 3.5% down. Check your eligibility →
FHA and VA loans are both government-backed loans that can be great options for first-time homebuyers, with each having similarities and differences in terms of requirements. In this guide, we'll break down the specific qualifications needed for each loan so you can determine which one is right for you when buying a house.
FHA loans require credit scores of at least 500 with a 10% down payment and 580 at 2.5% down. Read here to learn how credit affects your FHA loan eligibility.
When it comes to mortgages, you have a lot of options. Two of the most common are FHA and conventional loans. Though both can be great products to help you buy a home, each has its own unique pros and cons...
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