As a first-time homebuyer, you may be considering your borrowing options for purchasing your new home. If you have researched the types of lending available to first-time homebuyers, you have probably stumbled upon the term “FHA loan.” While FHA loans aren’t perfect, they are a great option which are designed to promote individuals to become homeowners. Throughout this article, we will discuss the benefits of FHA loans so that you may make an informed decision when it comes time to apply for a home loan.
At Mortgage Xpress, we’ve helped countless individuals in Birmingham and its surrounding areas receive mortgage loans at affordable rates for over 30 years. If you are a first-time homebuyer and are searching for an experienced and qualified lender, contact our team of professionals at Mortgage Xpress. We provide residential loans at an affordable interest rate for the satisfaction of our customers. Read more below to learn why applying for an FHA loan is a great choice for first-time homebuyers.