Becoming a first-time homebuyer can be exciting and overwhelming. While the first step in purchasing your new home is obtaining a mortgage, you will also need to decide on the mortgage type you want. You may have heard that an FHA mortgage loan is a great option.

But you may be wondering, “What is an FHA loan, and is it the right loan for a first-time homebuyer?” For most, an FHA loan is appealing because it can be easier to qualify for than a conventional loan. It has many advantages that are worth learning about before deciding to make such a large financial commitment.