If you are looking for a financing option to fund the purchase of your home, an FHA loanis a choice worth considering.Originally established as a relief to the housing crisis of the 1930s, the program was intended to help protect lenders by insuring the loans they originate. This gave more Read more
Qualifying for an FHA Assumable Mortgage Program
One less known advantage of selling a home with an FHA mortgageis that these loans are assumable. Meaning, the buyer who still needs financing to pay for the home, can simply just take over the loan. This way, they can save on interest (given the original mortgage carries a low interest rate), and Read more
The Credit Score Flexibility of FHA Loans
One of the best mortgage programs you can use as an alternative to a conventional home loan is an FHA loan. The FHA loan makes homeownership available to potential borrowers who:a) have no money to pay for the conventional 20 percent down payment or at the least the required minimum down payment Read more
What is the Good Neighbor Next Door Program?
When it seems like houses are just too expensive and you think you will never own one, there is a solution if you work within the community. Certain professions, such as police officers, EMTs, firefighters, and teachers are able to purchase a home in the community in which they work for 50 percent Read more
Five Facts About FHA Loans
FHA loans are one of the more popular options for mortgage borrowers, some of the benefits of using an FHA loan is it offers lower down payments and they have more lenient lending standards. The Federal Housing Administration, also known as FHA, insures mortgage loans so borrowers who utilize this Read more
