Advantages of FHA:
Homebuyers who don’t have much to put for a down payment. Only a 3.5% down payment is required - Can be a gift or grant; see your Mortgage Specialist
Under the FHA streamline program, current FHA loan borrowers can refinance with no appraisal.
The FHA loan is a great product that helps many people refinance or become homeowners.
Seller can contribute up to 6% your closing costs.
resources for low down payments
Directors Mortgage offers the Federal Administration Loan (FHA) to assist borrowers who may need a low down payment and flexible mortgage guidelines.