FHA
FHA
Are you a first-time homebuyer looking for a loan to take that exciting step into homeownership? At ASCEND Lending, we're here to support your dream with our FHA loan program specifically designed for you.
What is a
FHA Loan?
A Federal Housing Administration (FHA) loan is a government-insured mortgage loan that helps first-time homebuyers and borrowers with lower credit scores or smaller down payments. This loan makes homeownership more accessible. It applies to various property types such as single-family homes, townhouses, condominiums, and manufactured homes.
Product Features
Flexible Credit Requirements
Borrowers with credit scores as low as 580 may still qualify for an FHA loan, making homeownership more accessible.
Low Down Payment
Borrowers can often put down as little as 3.5% of the home's purchase price.
Fixed or Adjustable Rates
Borrowers can often put down as little as 3.5% of the home's purchase price.
