The FHA loan program is an excellent option for first-time homebuyers or those with lower credit scores. This program allows for a minimum FICO score of 500 and provides loans up to 90% LTV, with options available for loans up to 96.5% LTV for higher credit scores. Loan limits may apply depending on the area. FHA loans also provide the opportunity for Fannie Mae loans up to $95%.
If you're a first-time homebuyer or looking for an affordable loan option, connect with us to learn more.
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