FHA Loans
FHA Loans are ideal for those with less-than-optimal credit, little-to-no formal credit history, or limited cash for a down payment. Low credit scores may not prevent you from qualifying; however, higher scores could net you lower interest rates. Fixed-rate periods range from 10 to 30 years. New purchase mortgages allow for 96.5% maximum loan-to-value plus the amount of the financed mortgage insurance premium.
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