FHA Home Loans
Buying a home for the first time can be a daunting task. You’re likely not sure if you want to take on the massive debt and the entire responsibility of being a home owner. In addition, you’re not sure if you can raise the 20% down payment you’re going to need to buy a home.
If you haven’t saved a good amount of cash, you might feel overwhelmed when you calculate how much 20% really is. Lucky for us, FHA provides assistance to those that don’t have the ability to come up with the 20% down. В With only a 3.5% down payment, a first time home buyer can get a home loan.
Of course, there are restrictions in addition to having the 3.5% down to get approved for an FHA loan. You’ll also have to prove a lengthy employment term (over two years),
February 20, 2010
Posted in: FHA Home Loans
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