1. Low Down Payment: Put down as little as 3.5%, making homeownership more achievable.
2. Flexible Credit Requirements: Qualify with a credit score as low as 500(with a 10% down payment).
3. Competitive Rates: Enjoy lower interest rates compared to some conventional loans, especially if you have a lower credit score.
4. Gift Funds Allowed: Your down payment can come from gifts, grants, or down payment assistance programs.
5. Assumable Loans: FHA loans can be transferred to a new buyer, which can be a selling point if interest rates rise in the future
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