FHA Mortgages Popular Among First Time Home Buyers - 0 views
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Ed Mortiz on 19 Nov 15Arizona first time home buyers are opting for FHA mortgages. AZ mortgage brokers have seen an increase in FHA loans the past couple of years. The reason is FHA offers borrowers more flexibility than conventional Fannie Mae or Freddie Mac mortgages and requires minimum lower down payments of 3.5%. Lending guidelines are less strict than conventional mortgages and require lower credit scores.