fha: FHA Financing Replaces the Subprime Market
- 03/26/08 05:32 AM
As the market keeps changing, we are constantly challenged with buyers obtaining financing. After attending an office "lunch and learn" yesterday, our Plaza Mortgage representative, John Jeffries, updated us on the world of FHA financing and the changes incurred. Here are some of the highlights: FHA Financing FHA is a government insured loan not the government lending money. It is also one of the oldest loan programs with FHA 203(b) being the most popular. Facts: FHA offers fixed & adjustable ratesGift funds can be used for down payments and closing costsDown Payment Assistance Programs can be used to get into a home without any money (0 comments)
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