FHA Programs Available For Buyers With Less Than Perfect Credit

MADISON, Wis. - Oct. 31, 2014 - PRLog -- Real Estate Intelligence Report, September 22, 2014. U.S. Department of Housing and Urban Development, May 13, 2014
The Federal Housing Administration (FHA) has programs where it will insure buyers with lower credit scores, and in some cases down payments can be as low as 3.5 percent.

A healthy housing market is key to a sustainable economic recovery and the economic crisis significantly constrained credit, making it tough for anyone with less than perfect credit to obtain a mortgage. Shutting these creditworthy borrowers out of the market hurts American families and undermines efforts to build more stable communities, create pathways to the middle class, and increase homeownership opportunities for minority and low-wealth borrowers. FHA is committed to finding ways to responsibly increase access for underserved borrowers.

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