FHA HOME LOANS | FHA MORTGAGES |FHA LOAN

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