silicon valley: Silicon Valley and FHA loans..
- 05/03/11 01:49 PM
Home prices are pretty high in the Silicon Valley. Here, where sometimes wages are comfortable and disposable income or savings pretty low, it is good to remember that it is still possible to purchase a home with as little as 3.5% downpayment. How is it possible? with an FHA loan, which is an (almost) normal loan, guaranteed by the Federal Housing Administration. How does it work? Well it is fairly easy in fact - there are few limitations: the buyer does not have to be a first-time home buyer, there is no limitation of income for the buyer, and the property purchased can be pretty … (1 comments)
Home prices are pretty high in the Silicon Valley. Here, where sometimes wages are comfortable and disposable income or savings pretty low, it is good to remember that it is still possible to purchase a home with as little as 3.5% downpayment. How is it possible? with an FHA loan, which is an (almost) normal loan, guaranteed by the Federal Housing Administration. How does it work? Well it is fairly easy in fact - there are few limitations: the buyer does not have to be a first-time home buyer, there is no limitation of income for the buyer, and the property purchased can be pretty … (1 comments)
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