What is the minimum down payment for an FHA loan?The minimum down payment for an FHA loan is 3.5% of the home's purchase price. This can be reduced to 0% with down payment assistance programs or gifts from family members. Are there closing costs associated with FHA loans?Yes, there are...
FHA just announced a new program for FHA Down Payment Assistance Home Loans. This home financing initiative should offer more opportunities for first time homebuyers to become homeowners. Buying a house can be a stressful time and that's why we provide FHA mortgages with low down-payments and r...
While many mortgages require a 20% down payment, for FHA loans, it’s usually less. FHA loan recipients may use down payment assistance programs to manage the upfront cost of buying a home. Your interest rates won’t go up. Many mortgages have variable interest rates that may rise over ...
Your down payment doesn't have to come from savings. With these loans, it can come from a gift or a grant. Low Down Payment Options Put the dream of owning a home within reach. With an FHA, VA, or USDA Home Loan, your down payment can be as low as 3.5%. Other...