Buyer Resources
|
|
rules for FHA loans |
| Print |
|
Rules for a FHA Loan?
The U.S. Dept. of Housing and Urban Development offers a variety of loan insurance programs through the Federal Housing Administration, which requires approximately 3 to 4 percent cash down. There are no income requirements to qualify for a FHA mortgage. Other advantages are that FHA loans do not contain prepayment penalties and in some cases they are assumable by qualified purchasers.
FHA loan limits vary, depending on the county where the property is
located. FHA loans are originated and serviced by private lenders.
FHA does not lend money. The mortgage is made by a bank, savings and
loan, mortgage company or other FHA-approved lender. In addition, FHA
does not set the rates and points. The lender determines these, so it
is best to shop around by calling several FHA-approved lenders.
Questions about Tucson East Arizona Real Estate?
Ask us below or Call us Now at 520.250.7437
|
|
Last Updated ( Wednesday, 30 July 2008 )
|
|
Market Info
|
Real Estate Market
|
|
Real Estate Market related articles from Real Estate Pro Articles |
-
Liguria A Region of Italy Offering Natural Beauties and a Strong Property Market
Liguria is the third smallest region in Italy Situated in the North-West, it is a narrow strip of land squeezed between the sea and the mountains Its beauty is really largely connected to this constant coexistence of sea and mountains: the Alpine chain has its origin here (at the 'Colle di Cadibona'), in this land especially known for the sea
|
|
