The FHA Loan program is the commonest kind of government-backed mortgage that usually presents some cost-savings advantages in comparison with typical mortgage varieties. FHA loans are inclined to have extra lenient credit score and underwriting necessities.
0:23 – FHA Loan Credit Benchmarks
1:01 – Down Payment
1:32 – Closing Costs
2:17 – Mortgage Insurance Premiums
3:25 – Loan Limits
3:50 – Occupancy Requirements
4:13 – FHA Loan Assumptions
Watch the whole VA Loan Guide to Homebuying right here:
More tips about FHA and different mortgage choices:
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