If you’re thinking about buying a home with an FHA loan, you’re not alone – millions of people use them each year. Here’s what you need to know about these loans, which are backed by the Federal Housing Administration. 3 Fast Facts About FHA Loans Buyers considering FHA loans need to know that: You don’t necessarily need a great credit score to use an FHA loan Your down payment could be as low as 3.5 percent Your closing costs might be covered by the seller, builder or lender FHA … Continue reading...