FHA loans have been helping people become homeowners since 1934. They help people achieve the American dream of home ownership. How does it work? The Federal Housing Administration (FHA) – which is part of the Department of Housing and Urban Development (HUD) – insures the loan, so your lender can confidently offer a better deal.
Some features of an FHA Loan include:
- Low down payments-As little as 3.5%
- Low closing costs
- Easy credit qualifying
- Gift Funds OK for the down payment
- Parent or family member can help to income qualify
- 1 to 4 unit property as long as it’s owner occupied.
Call 847.441.4116 today or Click Here for more information about FHA Loans!