The best thing for first-time home buyers is that your downpayment for an FHA loan can be a gift from a family member or friend. This means you can get into your new home with little, or no money upfront. FHA closing costs are rolled into the loan so you don’t have to pay them upfront.
For many folks, a home mortgage represents the. and not an investment or rental properties. Government-Backed loans are backed by the Federal Housing Administration and are most popular with.