FHA loans have been helping people become homeowners since 1934. For over 10 years Good Faith Mortgage has been a leader in SC FHA financing for our borrowers. Some benefits of FHA loans are:
- Low down payments
- Low closing costs
- Easier credit qualifying
- Lower Rates
Borrowers will typically have lower down payment and rates than a conventional loan. 3.5% down payment is required, but can be gifted from a close blood relative such as a father or brother. All property types other than mobile homes are eligible. This is for owner occupied property only and you do not have to be a first time buyer.
Let our experienced Loan Officers help determine if an FHA loan is right for you.