You may have heard of FHA loans or FHA Mortgages - but do you know what it's about?  An FHA Loan is a loan that is guaranteed by the Federal Government.  It allows a buyer to put down as little as 3.5% on a property, which is very helpful in our market where home prices can be high.  FHA Loans are very common in our area, especially since the zero-down lending market has disappeared, and since the Government raised the limit to as high as $625,000 in some areas.

Other benefits of FHA loans are that they offer relaxed credit score guidelines, lower PMI (Private Mortgage Insurance) than Conventional Loans, and non-occupant co-borrowers.  Further, the Seller can contribute a substantial amount toward closing, as much as 6% of the Selling Price.

Clients always ask me: Are you on the web?
See for yourself.

 

Tim McIntyre, GRI, Ellicott City Realtor, Catonsville Realtor

 

 

Helping Clients Buy, Sell and Invest in
Howard County, Carroll County and Baltimore County
for more than 25 years.

tmcintyre@cbmove.com  410-480-3555
www.timsellshomes.com

  Ellicott City Realtor, Catonsville Realtor

Certified Distressed Property Expert

 
This post has been included in Maryland Real Estate News

0 Comments on The Benefits of FHA Loans

Login or register to leave a comment
 
Headshot_activerain Rainmaker_large

Tim McIntyre

Ellicott City, MD

More about me…

Ellicott City Realtor, Catonsville Realtor

Address: Coldwell Banker Residential Brokerage, 10050 Baltimore National Pike, Ellicott City, MD, 21042

Office Phone: (410) 480-3555

Email Me

Tim McIntyre Ellicott City Realtor Catonsville Realtor Homes in 21227 Homes in 21228 Homes in 21042 Homes in 21043 Homes in Ellicott City Homes in Catonsville Ellicott City, MD Catonsville, MD Oella, MD Howard County Homes Baltimore County Homes Ellicott City Homes Catonsville Homes Community Blog Local Blog Catonsville Local Ellicott City Local


Listings

Links

Archives

RSS 2.0 Feed for this blog