fha: Drop in FHA Mortgage Insurance to Benefit Home Buyers
- 01/09/17 02:58 PM
What is an FHA Mortgage Loan?Before we get to the great news about FHA MIP, let's cover what an FHA loan is. An FHA loan is a mortgage loan insured by the Federal Housing Administration (FHA). Frequently, an FHA loan is a great alternative for individuals who may not qualify for a conventional mortgage loan due to, say, a lower credit score, or little funds for a downpayment. FHA loan requirements are less strict in an attempt to give as many people as possible the opportunity to purchase a home. The trade-off of going the FHA route is usually a higher interest … (0 comments)
What is an FHA Mortgage Loan?Before we get to the great news about FHA MIP, let's cover what an FHA loan is. An FHA loan is a mortgage loan insured by the Federal Housing Administration (FHA). Frequently, an FHA loan is a great alternative for individuals who may not qualify for a conventional mortgage loan due to, say, a lower credit score, or little funds for a downpayment. FHA loan requirements are less strict in an attempt to give as many people as possible the opportunity to purchase a home. The trade-off of going the FHA route is usually a higher interest … (0 comments)
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