It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers, those who have less than perfect credit and those who may have limited funds available. Borrowers using an FHA loan can purchase a property that is 1 unit or up to 4 units, still putting only 3.5% down as long as they are living in one of the units as their primary residence.
The links to the right are articles aimed at helping you better understand FHA loans. With this information you can make a more informed decision on whether these government insured loans are right for you and your family.
In response to the growing housing situation in the United States the loan limits for FHA Loans has been temporarily raised. Depending on where you live you might find it even easier to qualify for a FHA loan.
As FHA Loan specialists we can help you understand any new changes to the FHA loan program. We're here to create a customized solution that works best for you and your family. To learn more call us at 717-200-1455 or contact us via email by clicking here.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.