Buying a home for the first time is a huge life event that comes with excitement as well as fear. Mortgages can be tricky, but the Federal Housing Administration (FHA) provide hope with its loan programs meant for first-time home buyers. With some recent changes to FHA loan guidelines, bringing greater accessibility and affordability to homeownership — a real game changer for many!

Understanding FHA Loans

FHA loans are loans that are insured by the government and allow buyers to buy homes with a lower down payment than conventional loans require and allowing for lower credit qualifications than conventional loans need. The FHA is a unit under the U.S.