New to 2023, FHA has raised eligible loan limit to $472,030.
It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration, homebuyers have an easier time qualifying for a mortgage. FHA loans allow for lower down payments, lower credit scores and higher Debt-to-income. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.
Call Tracy Flesch today to see if an FHA loan is the best option for you!
These materials are not from HUD or FHA and were not approved by HUD or a government agency.