Federal Housing Administration
An FHA loan is insured or guaranteed by the Federal Housing Administration (FHA). It is a common misconception that FHA loans are only for first-time homebuyers. Any borrower meeting the program requirements may use the FHA loan program, not just first-time homebuyers. The program is an excellent option for borrowers without a large amount saved for down payment.
Thinking about buying a new home? BMN is here to help.
We believe that the borrower should be actively involved in the mortgage loan process every step of the way. From selecting the best loan product to understanding negotiating terms, Bankers Mortgage Network is here to assist.