The Federal Housing Administration (FHA) runs several lending programs that can help homebuyers with limited credit or income, including first-time homebuyers. Government-insured FHA home loans – which come as fixed-rate or ARMs – offer affordable interest rates, a low minimum credit score and a down payment as low as 3.5 percent.
- 580 min credit score*
- As low as 3.5% down
- Financing for manufactured homes
- Multi-family up to four units, owner occupied purchase & refinance
- Lender credits - you could save thousands
- Streamline refinance
* With compensating factors