Скачать или смотреть Homebuying Just Got More Affordable With New FHA Reduction

As a first-time homebuyer a government backed FHA loan is a great option that will offer you a lower down payment and lower credit score limits. Not to mention you’ll also pay less in mortgage insurance and with the FHA reduction in mortgage insurance fees you save even more money monthly.

An FHA loan is particularly attractive because you only have to put 3.5% compared to conventional loans in order to qualify. Here are some benefits of FHA loans:
• Credit score requirements are lower compared to other loans.
• Your lender can accept a lower down payment.
• You could still qualify for an FHA loan even if you have financial issues in your history.
• FHA closing costs can often be rolled into your loan.