- FHA Loan:
FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.
Compass Lending Solutions has been an approved FHA lender since 2004.
FHA loans are an attractive option, especially for first-time homeowners:
- Much easier to qualify for than conventional loans.
- Lower down payment requirements 3.5% minimum down.
- Cannot exceed statutory loan limits.
- Down payment can be a gift from a family member.
Learn more about FHA loans. (Department of Housing and Urban Development)