Pros and Cons to FHA Loans
Posted on November 19, 2009
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FHA loans have been helping people become homeowners since 1934. Maybe this government program can help you purchase the dream home you always wanted. Financial instruments come and go with the economic environment, there has been a shift in which kind of loans new home owners are applying for. There has been a new shift with FHA loans which are more popular now than they have been in a few years. With rates and credit being tightened, they are asking for larger down payments, which consists of a 3.5% down payment required for all FHA loans. There are more incentives for lenders if you can get a loan insured by the Federal Housing Administration.
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