More information of FHA loans
The Federal Housing Administration (FHA) belongs to the Department of Housing and Urban Development (HUD) of the United States government.
Thanks to the assistance provided by this agency, it is possible for many people who cannot access the loans offered by banks to obtain financing to buy a home, with more flexible conditions and lower requirements than usual.
PNC Bank also offers the possibility of applying for an FHA loan for the purchase of a home, with the coverage of the federal entity.
Thanks to this support, you can also obtain a reduction in the minimum down payment to be able to obtain a mortgage. Thus, the minimum amount you must have saved is only 3.5% of the value of the property. In other words, you can finance 96.5% of the purchase price.
In addition, to obtain this mortgage loan with PNC Bank, your credit rating can be regular, it is not necessary to have a high score to get the money.
Español: Préstamo FHA de PNC Bank