When you start shopping around for a mortgage, conventional loans may have a down payment of 5 to 20%. There is an alternative, but it’s not for everyone. It’s called a FHA loan. These types of loans only require a 3.5% down payment. But what’s the catch? Do you have questions about your options? Eddie Underwood R(B) is an Accredited Buyer’s Representative (ABR®), and would love to talk them through with you. He can be reached at email@example.com or 808-345-9797. Here is a great article that was published by the National Assoc. of Realtors regarding the pros and cons of FHA loans.