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Loan Programs for First Time Home Buyers

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This topic contains 5 replies, has 4 voices, and was last updated by  adamhenry 3 months ago.

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  • November 8, 2014 at 5:28 pm #3858

    Ryan Hart
    Participant

    Is FHA still a great loan for first time home buyers?

  • November 9, 2014 at 2:57 pm #3978

    Steve Smither
    Participant

    When FHA was created in 1934 it was to assist the common man in his desire to buy a home.

    This premise is still there today and first time home-buyers are a huge part of that group.

    FHA allows for first time home-buyers to be able to qualify easier due to more relaxed credit requirements, flexible debt to income ratios, lower down payment requirements, and even more understanding of difficult events in a persons life including bankruptcy and foreclosure.

    FHA also has programs that can help accommodate the first time home-buyer buy a home that simply needs work or simply the buyer doesn’t have much of a down payment. (See FHA 203K rehab loan and HUD $100 down program). So the short answer to your question is absolutely. FHA is a great program for first time home-buyers…

  • August 8, 2019 at 11:21 am #10204

    adamhenry
    Participant

    I think FHA is a great loan programmer for the first time home buyer.

  • December 3, 2018 at 9:37 am #9398

    Richard M.
    Keymaster

    Hi Jessica, can you be more specific? Talk soon!

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