FHA loans are another great way to purchase primary residence. Whether you are a first time home buyer or not, FHA has less restrictive guide lines that allow for lowers credit scores and not so perfect credit. At this time the minimum credit score is 640.
It does however require a 3.5% down payment. The down payment can be gifted to you from a relative, employer, church or other nonprofit organizations.
Other than that, FHA is a very simple loan that many have used to purchase their home with a small down payment requirement.
We service the following areas: Beaverton, Lake Oswego, Portland, Clackamas, Sandy and Canby
