In my eyes 👀 there is ONE downside to FHA loans. If you put less than 10% down, the monthly mortgage insurance is there forever... BUT... with low credit score and low down payment qualifications, the trade off can be worth it! Do you know the minimum down payment for an FHA loan?
#FHAloan #lowdownpayment #mortgageinsurance #lowcreditscore #nocreditscore #financetips
👉🏻Owner/MLO RCG Mortgage and Ocia Insurance
👍🏼Brokers Do It Better… RCG Does It Best
🏆NAMB Mortgage Broker of the Year
Company NMLS #1479554
Scotsman Guide 2023 Top Mortgage Broker Loan Originator
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This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.
