Utah County Homes for Sale, Lower Down Payments and FHA Loans

By
Real Estate Broker/Owner with Home Buyer Realty Utah 5705835-PB00

 

Utah County Homes for Sale, Lower Down Payments and FHA Loans

The FHA (Federal Housing Authority) doesn’t actually fund your home loan in any way. The FHA simply provides mortgage insurance to help consumers become Home Owners. The FHA actually insures the lender from losses resulting from Home Owner default. The FHA helps mortgage lenders prepare loans for people who might not otherwise qualify.

One of the big advantages of an FHA Loan is that a smaller down payment is possible. As of January 1, 2009, the down payment for a FHA Loan is 3 ½ percent of the principle loan amount. In today’s market the down payment on conventional loans can be as much as 20 percent. FHA loans make it possible for many people to enter the Home Buyer market, just with the lower down payment alone. There are many other good incentives for getting a FHA loan:

 

  • Lower Credit scores are allowed with an FHA insured loan.
  • Higher Debt-to-Income ratio is allowed
  • No maximum income levels

 

When working with a Mortgage Loan Officer, always ask them to consider an FHA Loan, you might be able to see substantial savings if you do so.

 

Check out the IDX Websites with Homes for Sale in the following locations:

State of Utah homes for saleHome Selling Utah

Homes available for Sale in Utah County

Alpine Homes for Sale

American Fork Homes for Sale

Cedar Hills Homes for Sale

Eagle Mountain Homes for Sale

Highland Homes for Sale

Lehi Homes for Sale

Mapleton Homes for Sale

Orem Homes for Sale

Provo Homes for Sale Provo Home Selling

Payson Homes for Sale

Pleasant Grove Homes for Sale

Saratoga Springs Homes for Sale

Spanish Fork Homes for Sale

Springville Homes for Sale

Homes available for Sale in Salt Lake County

Salt Lake City Homes for Sale

Draper Homes for Sale

Herriman Homes for Sale

Riverton Home for Sale

Sandy Homes for Sale

South Jordan Homes for Sale

Homes available for Sale in Wasatch County

Heber City Homes for Sale

Midway Homes for Sale

Homes available for Sale in Summit County

Deer Valley Homes for Sale

Park City Homes for Sale

Homes available for Sale in Washington County

St George Homes for Sale

other Southern Utah Homes for Sale

Homes available for Sale in Weber County

Homes available for Sale in Davis County

Utah Real Estate Search

 

 

Posted by

Robert A. Hulme 

Home Buyer Realty Utah, LLC
Principal Broker, Owner, Realtor, SRS, GRI, e-Pro

Utah Mobile: (801) 885-2586
Utah Real Estate Search

View Robert A Hulme's profile on LinkedIn

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