Howard McAuliffe of the NAR YPN Network writes:

It's a good time to learn about FHA. It's projected that 48 percent of all home loans will be FHA-financed in 2008, compared to 2 percent in 2007.

As 100 percent financing options are becoming a thing of the past in the conventional financing market, FHA is becoming a more prominent financing mechanism for people buying a home.

But some of the reasons people typically cite for not wanting to use HUD financing is because they believe there are extra inspections, more paperwork, a requirement to invest 3 percent for a down payment, only available for first-time home buyers, and that all borrowers must occupy the property.

These concerns are unfounded.

To read Howards full blog click here

This is a great website Howard recommended-->Want to know the FHA loan limits in your area? Check out this HUD Web site to find FHA mortgage limits by county and state.

At Realtors Association of the Palm Beaches we have 2 great FREE Seminars coming up on this topic:

Just click on the title to view the fliers.

Understanding VA Loans: A True 100% Financing Option

HUD Homesellers Seminar