While the Federal Housing Administration (FHA) does not actually issue mortgage loans, it does provide mortgage insurance to protect lenders like AmeriFirst Home Mortgage from defaults. Customers like FHA mortgage loans because they have more liberal qualification requirements.

They also typically have a lower down payment requirement (as low as 3.5%), lower monthly insurance premiums and often have lower closing costs. This makes an FHA loan a very attractive loan for the first time home buyer and also for families with low and moderate income levels.

You can learn more about this mortgage option in the FHA mortgage loan section of the AmeriFirst Corporate Blog, or in these articles:

FHA Loans: One Option for the First Time Home Buyer
FHA Loans: A Low Down Payment Home Buying Option
Conventional Mortgage vs FHA Loans

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