An FHA loan is the most flexible type of financing available for buyers. The Federal Housing Administration offers a loan product for buyers that only requires a 3.5% down payment. Traditionally, conventional loans require a 10% down payment and sometimes more. FHA guidelines have more leniency with lower credit scores and non-traditional tradelines. An FHA loan will provide the possibility for homeownership if you have had some obstacles in the past on your credit and have been able to keep your credit up for at least the previous 12 months. FHA also allows the seller to help with the buyers closing costs in order to keep the cost down for buyers. We have been working with FHA buyers since 1999 and have experience in walking our clients through the process with huge success!