FHA Loans

FHA loans, insured by the Federal Housing Administration, are designed to help more individuals become homeowners by offering mortgage financing to those who may not qualify for conventional loans. These loans are particularly beneficial for homebuyers with lower credit scores or minimal funds for a down payment, as they require as little as 3.5% down and accept credit scores starting at 580. FHA loans also include options for renovation and refinancing, making them versatile for various homeowner needs. Additionally, Waterstone Mortgage offers down payment assistance programs to further ease the financial burden for eligible homebuyers.