So-So or No Credit? No Cash? An FHA Loan Can Get You a Home
If you’ve never owned a home before, FHA loans offer a great way to break into the housing market. They’re federally insured mortgages with easier requirements than conventional home loans.
“The secret sauce, the magic ingredient, behind the FHA program is very simple,” says Rick Sharga, executive vice president with Carrington Mortgage Holdings. “FHA-backed mortgages are safe, proven, and require little down.”
Here’s everything you need to know about FHA loans, including how to get one.