Mortgage Align
August 2008

FHA LENDERS | FHA MORTGAGES | FHA HOME LOANS

August 11, 2008 by 221homeloans · Leave a Comment 

If you are in the market for an FHA home loan or you just want to get more information about the lastest FHA home loan  programs…..Click Here

FHA HOME LOANS | FHA MORTGAGES |FHA LOAN

August 7, 2008 by 221homeloans · Leave a Comment 

 

 

Why you should be looking at an FHA mortgage.

 

An FHA mortgage allows some borrowers to qualify for the lower interest rates of a conventional loan, rather than using a higher rate sub-prime mortgage. This can save thousands in interest charges.

Required down payments are also smaller. Instead of the typical 10% down, a buyer can put down as little as 3%. The closing costs can also be financed with the mortgage, lowering the initial costs of purchasing a home.

The FHA also limits fees that can be charged to the borrower. For example, the loan origination fee cannot surpass 1% of the mortgage amount.

For more information on FHA Mortgages or to apply online for an FHA  Home Loan…….. CLICK HERE

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