The Federal Housing Administration (FHA) insures mortgages to allow low to moderate income families to purchase their own home. With government backing, families can buy a home at a lower initial cost. However, there are limitations with this program.

The FHA provides mortgage insurance, not mortgage loans to families. However, this program can reduce the cost of a home loan by thousands of dollars. The program also encourages lenders to finance mortgages for people who might just miss the underwriting requirements. For example, FHA loans require a smaller down payment.

With FHA's Section 203(b) program, a homebuyer can purchase a new or used one to four family home. However, the buyer has to live in the home.

Rod Tinsley
MBA in Accounting & Finance
Financial Expert
Paramount Home Loans, Inc
1675 Larimer St. Ste 310
Denver, Co 80202
720-259-4412 Direct
303-575-0006 Fax
rt0501@hotmail.com

I'm calling all of my clients and letting them know rates have dropped. I'm redoing their mortgage and saving them money every month at no cost to them. Let me repeat that, I'm redoing their mortgage and saving them money every month at no cost to them. Now that's a no brainer. Even if you are in a 3 to 10 yr arm, clients are fixing their mortgages to 30 yrs so they can sleep at night. Let's work the numbers. We've been in business over 20 years. We work to earn your trust, loyalty and respect. I will treat your referrals with kindness.

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