Sunday, April 24, 2016

4 Benefits of an FHA Loan


  1. FHA mortgage loans are more forgiving of small problems with your credit history, as compared to conventional mortgages.
  2. First time home buyers can take advantage of a major benefit.  A very low down payment, 3.5% of total home cost.
  3. One major advantage when taking out an FHA home loan, is that the terms of the loan may include the closing costs in the mortgage.
  4. The FHA also has a program called an FHA 203K Rehabilitation Loan, that allows buyers to finance repairs on a fixer-upper.
For more information on FHA and conventional loans Visit us at www.bills.com

Source: www.bills.com

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