– · The FHA loan program has always been popular with first time home buyers because it requires a lower down payment (as low as 3.5%) and accepts borrowers with lower credit scores. There are also several different types of FHA programs available to borrowers, such as the rehab and energy efficient mortgage.
Fha Mortgage Monthly Payment Calculator FHA Mortgage Calculator – NerdWallet – Use our free fha loan calculator to find out your monthly fha payment. See a breakdown of your loan costs, including taxes and mortgage insurance.
FHA Home Loans for First Time Home Buyers | Firsthomebuyers – FHA Gift Of Equity. A first time home buyer can purchase a home from their parents and use the equity in the home for down payment and closing costs. For example, your parent’s home is worth $150,000 but they are willing to sell it to you for $140,000. You can use the $10,000 difference or equity to cover down payment and closing costs.