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- – If you’re considering a 30-year fixed-rate FHA mortgage, the most common type of mortgage for first-time home buyers, my rates are unbeatable.Whether you’re just starting to shop for a home loan or you’re ready to get pre-approved, I’ll give you all your FHA mortgage options, including no closing cost options.
Qualifying for an FHA Loan | Guaranteed Rate – FHA’s required down payment is 3.5 percent when purchasing a single family home, condo, duplex or multi-family building.. Although this FHA home loan requirement can vary depending on your situation, this down payment threshold is still comparatively low. Gifts . FHA is fairly flexible with gifts for down payments and closing costs.
