Tips From a Lending Expert – 7 Must-Knows About FHA Loans

Bank of Montana | Emilie QuadeAn FHA loan is a mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for low- to moderate-income borrowers who are unable to make a large down payment. FHA loans allow the borrower to borrow up to 97% of the value of the home. The 3% down payment requirement can come from a gift or a grant, which makes FHA loans popular with first-time buyers (source: Investopedia).

If you would like to learn more about FHA loans please read the following MSN Real Estate article “7 Must-Know About FHA Loans.” Bank of Montana is an FHA-approved lender, our home loan specialists look forward to visiting with you to find out if an FHA loan is right for you.


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