Why a FHA Loans?
There are lots of good reasons to choose an FHA loan, especially if one or more of the following apply to you: • You’re a first-time homebuyer • You don’t have a lot of money to put down on a house • You want to keep your monthly payments as low as possible • You’re worried about your monthly payments going up • You’re worried about qualifying for a loan • You don’t have perfect credit – even one day out of Bankruptcy You’re worried about what will happen if you fall behind on your payments If any of these things describe you, then an FHA loan may be right for you. Why? FHA-insured loans offer many benefits and protections that you won’t find in other loans including: Lower cost: FHA loans have competitive interest rates because the Federal government insures the loans for lenders. Always compare an FHA loan with other loan types. Smaller down payment: FHA loans have a low 3% down payment and the money can come from a family member, employer or charitable organization as a gift. Other
