An FHA loan is a mortgage that is insured by the federal government. The Federal Housing Administration (FHA) loans typically have low interest rates and flexible qualification requirements. Depending on how good your credit is, the lower your down payments could be. If you have a credit score under 500, then you are unable to qualify for an FHA loan.
To get an FHA loan, you have to go to an FHA approved lender because the FHA is an insurer, not a lender. Here at Custom Mortgage Services, we are an FHA approved lender.