Federal Housing Administration (FHA) Mortgages
Is the prospect of having to save up for a large down payment preventing you from buying your dream home? FHA mortgages (also known as FHA-insured loans or U.S. Federal Housing Administration insured mortgage loans) are designed with your needs in mind. Tailored for the specific financial situations of many first-time home buyers, an FHA mortgage offers fixed or adjustable rates, 15- or 30-year terms, and requires only a 3.9% down payment if you qualify. Note that home value limitations vary by county.
To get pre-approved before you start house hunting, apply online now, call 505-855-5950 (800-347-2838 outside the Albuquerque area), or visit a branch near you.