If you are a first time home buyer looking for an affordable loan option, or someone who may not have conventional financing as an option, a Federal Housing Administration (FHA) loan is the perfect product for you.
As part of the United States Department of Housing and Urban Development (HUD), FHA requirements are not as rigid, making it easier for borrowers on a tight budget with limited down payment funds. FHA offers several options to borrowers at more favorable terms than conventional loans; for example, down payment assitance programs to lower the amount of cash needed for qualified borrowers, and the FHA Renovation Loan Program for purchase or refinance of homes in need of renovation.
When you need proper financing, turn to an Alliance Home Loans officer for help. With our easily obtainable FHA programs, you never have to worry how you will purchase your first home. Contact us today to get started.