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How To Get House Loan First Home Loan – Maine Housing – MaineHousing's First Home Loan Program makes it easier and more affordable to buy a home of your own by providing low fixed interest rate mortgages.
FHA loans are the most common type of government-backed home loans. Learn about the FHA Loan, and see if this loan is a good fit for you.
New Home Loan Program The State of New York Mortgage Agency offers special programs to qualified first-time home buyers who want to purchase property in-state in 2019. We help you navigate SONYMA programs.
Note: This page was updated in January 2019 and to include the latest information on FHA appraisal guidelines and requirements for 2019. If you use an FHA loan to buy a house, the property will have to be appraised and inspected by a HUD-approved home appraiser.
FHA loans are offered to low-income individuals who have credit scores as low as 500. Individuals with a credit score between 500-579 can obtain an FHA loan with a down payment of 10%; individuals with a credit score higher than 580 can get an FHA loan with as little as 3.5% down.
This was how the Federal Housing Administration (FHA) loan program came to be. Loans offered by the FHA have lower down payment requirements and more liberal underwriting standards than most.
What is the Federal Housing Administration? The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by.