This video goes over some of the pros and cons of getting an FHA loan.
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FHA (Federal Housing Administration) is a department in HUD (Housing and Urban Development).
An FHA loan is one of the most popular loan home buyers get. FHA loans have a lot of advantages over a conventional loan. Their low down payment, lower interest rate, lower credit scores and higher debt to income ratio. The biggest negative is the mortgage insurance (MI) will never be removed as long as you have the loan, So if you plan on living in the home for many years and turn it into a rental property, an FHA loan might not be the best way to go. Of course, you want to sit down with a professional mortgage lender who has all your information.
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FHA insured loans: [ Ссылка ]
Please contact me if you have any questions.
Sincerely,
Lance Mohr
Mohr Realty Group at Keller Williams
813-317-4009
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Pros and cons of FHA loans: [ Ссылка ]
