An FHA loan, offered by the government and insured by the Federal Housing Administration, is a good option for many first-time home buyers because it generally has a much lower down payment requirement, as little as 3.5% of the purchase price.
- Competitive rates
- More flexibility in qualifying
- Refinancing options available
- 15- and 30-year fixed rate mortgages for purchase or refinance
Desco is an Equal Housing Lender
What does that mean?