I want to buy my first home soon. I only have 10% for a down payment, so I figure that FHA would be my best option.
Does anyone know how FHA works, or what their requirements are to be approved?
Can any lender give me an FHA loan? Any and all help would be greatly appreciated.
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3-5% towards closing cost
• with 10% down u will still have to pay private mortgage ins. because its not 20%
• fico score above 580
• a pre approval from your bank