FHA Loan:

FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

FHA loans are an attractive option first-time homeowners because:

• They have lower down payment requirements
• They have a reduced monthly mortgage insurance premium
• They allow for gift funds of any amount

Learn more about FHA loans. (Department of Housing and Urban Development)

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