And in today’s market, you can only retain and convert borrowers if you deliver a smooth online experience, same-day approval.
FHA home loans are backed by the federal government and offer you a myriad of advantages for your home purchase or mortgage refinance. Minimum down payment option of 3.5% for qualified buyers For those with credit scores of 580 and above, the down payment for an FHA home loan is 3.5%.
Do You Need Down Payment Assistance for Your Home Loan? September 2, 2019 – Do you need down payment assistance for your home loan? fha loan rules permit such help, but if you have never applied for an FHA loan before, there are some things you need to know before getting started.