What is the benefit of FHA loans. Do they require less down, pay closing costs, what exactly??
Hello Marisol, Sounds like you got lots of good advice from the previous responders. Sometimes there is no advantage to doing an FHA loan. A good lender can assist you with finding the appropriate loan for you, whether it is an FHA or Conventional Loan….or perhaps, in your case it might be a Washington State First Time Homeowner’s loan. Not all lenders do the WA State loans….so make sure you are talking to a lender who can offer that service to you, if you qualify. If you haven’t found a lender yet, a seasoned real estate agent can ask you a few questions and get you pointed in the right direction. I am happy to answer any further questions you may have. Keep up the good work…. You are doing the right things by asking the quesions.
