FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.
FHA loans are an attractive option, especially for first-time homeowners:
Generally easier to qualify for than conventional loans.
Minimum of 3.5% down payment required. Besides cash, the down payment can be a gift from a family member or can be used with the Idaho Tax Credit Program.
Cannot exceed statutory loan limits.
Learn more about FHA loans. (Department of Housing and Urban Development)
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