FHA LOANS ALLOW 3% DWN & BAD CREDIT SCORE
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FHA mortgage FHA mortgages, which are insured by the Federal Housing Administration, make homeownership possible for people who might not qualify for conventional mortgage programs. They offer: Low down payment and closing costs, with the option to use gift money for 100% of the down payment Flexible approval requirements for people who have less-than-perfect credit or lack a traditional credit history Expanded qualifying ratios for people with low-to-moderate incomes CHECK OUT
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