What is an FHA loan?
FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA). Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.Typically the borrower can be approved with 3.5% down vs 20% that is required on other loan programs.
How can we help?
With Arnaz Financial, we know all about FHA loans and can see if this is the right option for you. If you are located in the Sacramento area or anywhere in California, contact us today to get started.