FHA Loans

What is an FHA loan? </p>An FHA loan is insured by the Federal Housing
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What is an FHA loan?

An FHA loan is insured by the Federal Housing Administration (FHA) and issued by an FHA approved lender. Since these loans were designed for low-to-moderate income borrowers, they offer options to borrowers with lower minimum down payments and credit scores. While FHA loans are popular with first-time homebuyers, they are available to anyone who qualifies.

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Who qualifies for FHA loans?

Homebuyers with lower credit scores

Individuals with low-to moderate-incomes

Borrowers who would prefer to make a lower down payment

Benefits of an FHA loan:

More flexible qualification requirements than other home loan types

Down payments as low as 3.5%

Credit scores as low as 540

Financing up to 96.5% of home purchase price

Credit scores under 580 require a minimum of a 10% down payment.

All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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Guild Mortgage Kelly Trudell 1557 Starr Dr, Ste D, Yuba City, California 95993 916-416-7268

We offer hundreds of loan products for a wide variety of borrowers, including first-time homebuyers, military families, and rural residents. We also offer many state, county, and city housing programs that provide down payment assistance. At Guild, we’ll work hard to deliver what matters most to you and find the loan that fits your life.

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