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)

 
David Krichmar, DaveYourMortgageGuy.com (www.DaveYourMortgageGuy.com - Legend Lending) Rainmaker large

David Krichmar

DaveYourMortgageGuy.com

Sugar Land, TX

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