FHA recently announced some great news for homebuyers using the loan program in 2019. The loan limits have increased nationwide. Home buyers can view the new 2019 FHA loan limits here. The FHA mortgage program offers many advantages for home buyers seeking to purchase a home with little down payment.
Some of the program advantages include:
Minimum 3.5% down payment
Closing costs that can be paid by the home seller
Low fix interest rates – so of the lowest available today
Lower credit qualifying requirements
Generous loan amount limits