For homeowner borrowers, FHA is mortgage loan insured by the government.

FHA is a great option to buy your primary home with low down payment such as 3.5% and lower rates in the market and you can use gift funds from family or other sources.

FHA is available for 1-4 units homes, townhomes, condos, and more. FHA accept low credit score and requires full documentation (2 years taxes or W-2).

FHA requires mortgage insurance during the term used.

FHA loans limits vary by location.