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conventional: 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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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.
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