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WHY FHA?? - 10/17/07 08:46 PM
Easier to Qualify - FHA insures the mortgage, lenders are more willing to give loans with lower qualifying requirements so its easier to qualify your borrowers.
Less than Perfect Credit - Credit Problems even a bankruptcy, its easier to qualify your borrower for an FHA loan than a conventional loan.
Low Down payment - FHA has a low 3% down payment, and other loans don't allow this.
Costs Less - Many times, FHA loans have competitive interest rates because the loans are insured by the Federal Government.
How do FHA loans compare to conventional loans?
Conventional loans usually require a larger down payment. And, … (2 comments)
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Cary Brewster
Riverton,
UT
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CBC Loan Processing
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