The Federal Housing Administration, a government agency created in 1934, provides insurance on some types of mortgage loans. An FHA - insurance loan( FHA Loan ) also allows you to buy a house with a low down payment of 3.5%. Certain mortgage loans may require an upfront mortgage insurance premium at closing. This loan is attractive to many first time homebuyers due to the low downpayment.
More FHA information:
Streamline Refinancing for FHA Mortgages
Down Payment Gifts for FHA Loans
FHA Mortgage Insurance
Georgia FHA Mortgage Loan Limits
To have one of our FHA Mortgage Specialists help you evaluate your mortgage options, simply fill out our Contact Form or call us at 1-800-344-8788.
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