FHA Loan Requirements for 2021

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The Federal Housing Administration (FHA) provides mortgage insurance for loans through FHA-approved lenders, known as FHA loans. An FHA loan is a great option for buyers who have less-than-perfect credit scores or don’t have enough money for a traditional 20% down payment. If you’re thinking about applying for an FHA loan, here’s what you need to know.

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Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Terri Williams

Original Article Posted on:   April 02, 2021

Link to Original Article:  https://www.thebalance.com/credit-score-requirements-for-fha-loans-4686015