An FHA loan allows you to buy a home with as little as 3.5% down, instead of the higher percentages required to secure many conventional loans. Taking advantage of the FHA loan program is a great way for first time buyers, or anyone with a shortage of down payment funds, to buy a home. Anyone can obtain an FHA loan. FHA allows those with great credit down to poor credit to obtain financing.
• Up to 96.50% of the purchase price
• Loan amounts to $417,000
• Down payment can be gifted
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