An FHA home loan is a type of government loan that’s extremely popular with first-time homeowners and low-income families.
Why?
Well, because it’s safe to say that the benefits of FHA home loans are unbeatable. This loan is guaranteed by the Federal Housing Administration (FHA); therefore it can be easier to qualify for than other mortgages. If this isn’t enough, you can save thousands of dollars over the life of your mortgage due to lower interest rates – and initially, too, due to lower down payments.