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Even With the Recent FHA Changes, FHA is Still the Best, and Here is Why!

By
Real Estate Agent with Global Reach Realty

I recently blogged about some changes FHA was making, how they are making some areas tougher for the home owner.  With these changes however, FHA still offers what no one else does when it comes to being able to purchase a home:

-Low down payments - you only need a 3.5% down payment

-Mortgage Insurance is more dependent then Conventional loans, and has the most reasonable underwriting

-High loan limits have been extended to $729,750  (still with only needing 3.5% down!)

Cont..

Find out more benefits of FHA, or search for a home now!

Comments (1)

Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

I love the fact that FHA loans are assumable. That could be a really big factor in 10 years.

Jul 29, 2010 05:44 AM