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An FHA mortgage loan is a government-backed home loan available to first-time homebuyers and existing homeowners. The main advantage of an FHA mortgage is that it requires a smaller down payment than a conventional mortgage, making it ideal for low- or moderate-income borrowers.
There are a couple of main benefits of an FHA mortgage loan:
There are also a couple of drawbacks to keep in mind:
If you're interested in getting an FHA mortgage loan, the first step is to contact a mortgage broker. They can help you determine if you qualify and walk you through the next steps. Click here to schedule a meeting, or call (706) 250-2006 today!
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