- FHA mortgage loans are more forgiving of small problems with your credit history, as compared to conventional mortgages.
- First time home buyers can take advantage of a major benefit. A very low down payment, 3.5% of total home cost.
- 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.
- 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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