San Francisco Real Estate - Janice Lee

Federal Housing Administration (FHA) insured loans are made by private lending intuitions such as banks, savings & loans, or mortgage companies to eligible borrowers for the purchase of a home. FHA insured loans offer a number of benefits for both lender and borrowers. Since 1934, the program has insured over 35 million home mortgages.

If saving enough for a 20% down payment will delay your home buying dream for years, you should consider your alternate options: An FHA Loan The Federal Housing Administration, or FHA, insures loans for qualified first-time homebuyers. With FHA backing, lenders can offer you a loan at a low interest rate with as little as 3.5% down.