An FHA loan is a mortgage insured by the Federal Housing
Administration. Borrowers with FHA loans pay for mortgage insurance,
which protects the lender from a loss if the borrower defaults on the
loan.
FHA loans offer more attractive interest rates and with less
stringent and more flexible qualification requirements. The FHA is an
agency within the U.S. Department of Housing and Urban Development. As
low as 3.5%, as opposed to the conventional 20% down. That's a big
difference.
In this link below, Ron Atniel (www.LenderRon.com), briefly discuss what an FHA loan entails and how it can benefit you!
https://youtu.be/1u22Fx8blI8
CalBRE# 01978202
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