Daytona Beach Real Estate Information: Mortgages Types of Government Loans and Programs
FHA Loans: With FHA insurance, you can purchase a home with
a very low down payment (from 3% to 5% of the FHA appraisal value or
the purchase price, whichever is lower). FHA mortgages have a maximum
loan limit that varies depending on the average cost of housing in a
given region.