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    An FHA loan allows first-time homebuyers and others to get a mortgage at a low interest rate. You do not need to be first-time homebuyer to get an FHA loan. FHA is the Federal Housing Administration. FHA guidelines are more flexible than conventional loan programs. Conventional loan programs have scrict guidelines that will have cutoffs on credit score requirements and in
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    loan. FHA is the Federal Housing Administration. FHA guidelines are more flexible than conventional loan programs. Conventional loan programs have scrict guidelines that will have cutoffs on credit score requirements and i
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    scrict guidelines that will have cutoffs on credit score requirements and income requirements. FHA loans allow borrowers to have lower credit scores and less income to qualify for their home loan.

    Also, down payment is more flexible with the FHA program. Borrowers can finance 97% of the purchase price and put down 3%. In some instances, when combined with other types

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