There are alternatives to FHA Loans!
I work with many terrific loan officers that offer my clients many helpful programs to get you into that new home. This is one of those great programs offering a conventional loan with 3% down.
Saving enough funds for a down payment & closing costs is one of the major barriers to home ownership for most first-time buyers. Fannie Mae has expanded home ownership opportunties for buyers looking to reduce the amount of cash required to get into that home. Borrowers income, assets, credit scores must meet the program guidelines of course.
What is terrific about this program is that many townhouse or condo subdivisions in our Schaumburg area are no longer FHA appproved. This does funnel down the buyer prospects for that subdivision in a negative way. Now with this program we can get buyers into purchase in just about all areas.
If you'd like to know more about this program & would like to purchase a home in the Schaumburg area, please email me for more info.