- This topic has 5 replies, 4 voices, and was last updated 5 months, 2 weeks ago by .
- You must be logged in to reply to this topic.
Is FHA still a great loan for first time home buyers?
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…
I think FHA is a great loan programmer for the first time home buyer.
Hi Jessica, can you be more specific? Talk soon!
There are a lot of different types of mortgages, and there are a lot of different types of real estate property. Here is a list of the most common types of each. We’ve added some links to the most popular articles on the subject.
We think getting many viewpoints to a particular question is important because it helps you to make better decisions. It’s so important that we have woven the Forum all throughout Winning Agent. We invite you to ask questions, make comments, and be part of the discussion.
Real estate and mortgage finance often times comes with its own unique language. If you work with it every day, it becomes 2nd nature, but most people don’t work with it every day. So we’ve created a glossary of mortgage and real estate terms.