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5333 N Union Blvd, Ste 100 Colorado Springs, CO

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FHA Loans

FHA loans are a great option, especially for first-time homeowners looking for a Colorado Springs mortgage because it’s insured by the FHA (Federal Housing Administration). Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower happens to default on their mortgage payments.It is typical that the borrower can be approved with 3% Down vs the 20% that is required on other loan programs.