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buyingahomefha: FHA Lending Limits - What does that mean to me?
- 01/07/14 05:58 AM
FHA Lending Limits - What does that mean to me?
As a home buyer, you may have heard a lot of chatter about the FHA lending limits changing in 2014. Most people would say, so what? But it does affect many families ability to buy in certain areas. I’ll attempt to show you why…
Firstly, what exactly is the FHA?
The Federal Housing Administration (FHA) was created as a result of the great depression set up to housing assistance. Back then and now, many homebuyers don’t meet typical lending criteria like credit scores, or financial requirements. The FHA was set up … (0 comments)
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buyingahomefha: Is an FHA loan a good idea?
- 12/21/13 02:22 AM
Many of my clients come to me pre-approved as an FHA buyer for one reason or another; bad credit, little money saved, past bankruptcy or short sale, etc.
In fact, the majority of home buyers today use the FHA loan. But are they aware of the costs to them in choosing this loan over a conventional loan.
What is an FHA loan anyways? Well, for more than 80 years, the Federal Housing Administration has tried to help home buyers purchase their home by offering loans that are easier to qualify for and require a small down payment, as low as 3.5%. … (4 comments)
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FHA Lending Limits - What does that mean to me? 
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