For many Americans who are first-time home buyers, availing an FHA loan is a go-to move. It’s specifically made for those who have a weak or damaged credit history. If you have a fair credit score rather than excellent, then this one is for you too.
When all of these things are put into consideration, the lender can then identify which loan fits comfortably into your budget.
The property must also be your primary residence, and you need to have a steady income. Your proof of employment is also necessary.