Tuesday, February 24, 2009

FHA Quick Reference Guide

FHA loans are rapidly becoming the most popular loans. One reason is that mortgage insurance for FHA loans is provided by the US government, rather than a private mortgage insurance company. This means the loan does not have to be underwritten twice, as it does for conventional financing (once by the lender and again by the mortgage insurance company). The second big reason for FHA's popularity is that the down payment is only 3.5%.

Everyone should know about FHA financing.

We have a link to an FHA Loan Quick Reference Guide on the bottom of the home page of our web site. Click here for the link to our web site. As guidelines change, we will update the Quick Reference Guide, so you will always have the latest FHA info.

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