low credit score: 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)
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:
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