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Blog image: The Benefits of FHA Loans

The Benefits of FHA Loans

Since its creation in 1934, the U.S. Federal Housing Administration (FHA) has insured over 47.5 million mortgages. These FHA loans are backed by – not supplied by – the government, so it makes choosing your lender an important decision. LamCap Partners can always assist in lending an FHA loan, but for now, let’s focus on why taking out an FHA loan is a great idea for many future homeowners. Low Down Payment This is one of the biggest perks of receiving an FHA loan. FHA loans only require a 3.5% down payment (as opposed to 5 to 20% down for conventional loa...

November 2nd, 2020 | FHA loans, FHA loan benefits, The Benefits of FHA Loans