fha: Not Your Mama's FHA Loan
- 04/02/08 08:06 AM
One of the consequences of the mortgage crisis is the increased number in FHA loans. In the past I have always advised my clients to go with a conventional loan when they could for several reasons. There were lots of conventional 100% products out there that were just as good if not a better deal than FHA. FHA would require additional ( and in some canes unnecessary) repairs in order to lend money on the house. FHA would limit your choice of house because of the repairs required and because of the FHA non-allowables i.e. fees that the seller is required … (0 comments)
One of the consequences of the mortgage crisis is the increased number in FHA loans. In the past I have always advised my clients to go with a conventional loan when they could for several reasons. There were lots of conventional 100% products out there that were just as good if not a better deal than FHA. FHA would require additional ( and in some canes unnecessary) repairs in order to lend money on the house. FHA would limit your choice of house because of the repairs required and because of the FHA non-allowables i.e. fees that the seller is required … (0 comments)
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