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