FHA loans are backed by the Federal Housing Administration, providing lenders with protection against borrower default. This government insurance makes it easier for you to qualify with a lower down payment and more flexible credit requirements.
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Why Choose an FHA Loan?
FHA loans are often easier to qualify for, requiring just a 3.5% down payment and accommodating less-than-perfect credit. They’re a great option if traditional down payments or private mortgage insurance are barriers.
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