– The FHA loan program has always been popular with first time home buyers because it requires a lower down payment (as low as 3.5%) and accepts borrowers with lower credit scores.
FHA Loan Requirements in 2019 – An FHA Loan is a mortgage that’s insured by the Federal Housing Administration. They allow borrowers to finance homes with down payments as low as 3.5% and are especially popular with first-time homebuyers.
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Different Types Of FHA Home Loans For First-Time Buyers – First time home buyers can apply for these loans the same as any other FHA mortgage, and there are no additional down payment requirements for construction loans compared to other FHA loan products. fha loans For Existing Construction Homes
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