Wednesday, October 20, 2021 10:52 pm

7 things to know about FHA home loans

FHA loans

FHA loans

Daniel Kurt | Investopedia

Not long ago, FHA home loans were something of a niche product that appealed mostly to low-income buyers. But when the housing bubble burst in 2008, the federal program suddenly became a common way to finance property.

Even today, FHA mortgages can be appealing to those who don’t qualify for conventional home loans. Certainly, there are some big pluses, including the ability to buy a house with very little money down. But be careful: Recent changes have made these loans more expensive than ever. (See Is An FHA Mortgage Still A Bargain?)

Here’s what you need to know if you don’t fit the ideal credit profile for most banks and are considering one of these loans.


Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories