4. FHA financing enable it to be all the way down credit ratings Your would not use this type of home loan having one minute house, investment property, or commercial a house - just household get loans for number 1 homes. The fresh new FHA will guarantee mortgages for the number one household. There's no needs you have to be an initial-go out customer to make use of the new FHA financing program. Almost every other low-down-commission home loan apps possess unique eligibility standards. Many are simply for people who have lowest, really low, otherwise moderate earnings. Otherwise they come to simply certain communities. 13645