Check Out an FHA Loan from Newfi: Less Money Down, Lower Credit Requirements

Talk to Newfi Lending about a low down payment FHA loan!

FHA loans allow borrowers with limited cash or credit to qualify for a mortgage on their primary residence. There is no minimum income required for an FHA loan, and you don’t need to be a first-time home buyer. You must simply demonstrate a steady income and the ability to make a 3.5% down payment on your home.

Talk to Newfi Lending about qualifying for an FHA mortgage loan >>

What are the main advantages of an FHA loan?

  • Lower credit score OK: as low as 580 FICO
  • Lower down payment required: as low as 3.5% down
  • Family gift funds can cover entire down payment
  • Higher debt thresholds allowed
  • Easy refinancing: no appraisal required

Note that all FHA loans require you to have mortgage insurance for at least some part of the duration of the loan, and rates may be a little higher than typical conventional loans.

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