www.2kHomeLoans.com » FHA Home Loans http://2khomeloans.com Home Loans | Mortgage Rates | Home Buying Sun, 07 Mar 2010 05:40:49 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 FHA Home Loans http://2khomeloans.com/2010/02/fha-home-loans/ http://2khomeloans.com/2010/02/fha-home-loans/#comments Sat, 20 Feb 2010 08:26:15 +0000 admin http:/?p=1 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.  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),

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