An FHA loan (a loan insured by the Federal Housing Administration and issued by an FHA-approved lender) may just be the friendliest and most accessible option for a first-time homebuyer like yourself. The great news: FHA loans are specifically crafted for potential borrowers with first time needs, which means their qualifying restrictions are more lenient. How so? Options for lower minimum down payments (as low as 3.5% or possibly lower when combined with down payment assistance options), lower credit score requirements, and potential qualification even for those with a higher debt-to-income ratio. Feeling relieved but not sure where to begin? Let us help! There’s nothing like the expertise of a seasoned mortgage loan officer to guide you through compiling personal paperwork, learning about mortgage insurance, and squinting your eyes to really see the fine print.