[ because of this assurance, FHA mortgage loans in many cases are offered to home buyers who do not qualify for “traditional” mortgages.
Authorized FHA lenders may agree borrowers with less-than-perfect credit and with as little as three . 5 per cent to place down for FHA mortgage. Although FHA loans happened to be made to offer lower- and moderate-income homebuyers that would if not find it difficult getting the standard home loan; you can now submit an application for an FHA financing up to FHA lending limits (by area). Read more