deferred student loans: FHA Loans are not Bad Loans, Here are 10 Reasons to Love FHA loans.
- 08/22/13 03:48 AM
Recently FHA mortgages changed the guidelines on when the mortgage insurance(MI) goes away. Now if you put down the normal FHA down payment of 3.5% the monthly mortgage insurance never goes away. Vs in the past it did. This has caused FHA loans to get a bad rap. Yes this is not good news, but this does not mean FHA loans are bad loans all around. There are many examples where if there was not a FHA loan option, many home buyers could not buy a home. Here are 10 reasons to still love the FHA loan:
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deferred student loans: Top 12 Benefits to the FHA Mortgage
- 01/26/12 09:30 AM
Whether you are buying or refinancing your home, the FHA mortgage maybe the best option for you. Here are the top 12 Benefits of the FHA Loan:
1. Low Interest Rates- FHA Mortgages tend to have lower rates than Conventional loans. As an example if the FHA interest rate today is 3.75% than most likely the conventional loan rate is 4% or higher
2. Lower Credit Scores- FHA Loans will allow lower credit scores than a Conventional Loan. On a FHA Loan it is possible to get approved with a fico score as low as 580
3. FHA Loans are … (2 comments)
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