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FHA Down Payment
3.5% FHA Down Payment
HUD recently announced that FHA down payment requirements were increased for FHA finance transactions. FHA down payments start at 3.5%, so consumers can still become homeowners with very little deposited into their home. Down-payment assistance is only allowed in a few states, so check with your FHA lender to see if you qualify for down-payment assistance or a low FHA down payment at 96.5% loan to value. First time homebuyers continue to choose FHA financing when considering home buying options.
Secure FHA Finance
FHA financing provides new opportunities for borrowers with less than perfect credit to qualify for affordable FHA home loans!
FHA continues to overcome home financing obstacles with flexible credit guidelines and FHA loan requirements. FHA loan rates have been reduced even further in 2010 so many new borrowers are becoming first time home buyers with FHA finance assistance.
