An FHA loan requires as little as 3.5% down, making it an appealing option for both first-time homebuyers as well as anyone who’s looking for a lower down payment. In select areas across the country, our Chase Homebuyer Grant provides $2,500 or $5,000 that is first applied to help lower your interest rate. Then it can be applied to Chase fees and other fees.
Things to consider:
Some of the criteria for qualifying for an FHA loan include having a good payment history, steady income and proof of employment.