All you hear about these days is FHA loans are going to save the world from foreclosure. What you don’t hear about is that FHA is a very under utilized tool for buying a home. FHA has purchase mortgage home loans which allow you to borrower 97% of the homes value and borrower an additional 35% towards rehabbing a property. In the purchase world there is no better rate or home loan out there and in our opinion anyone doing a refinance should move to the security of a government backed loan. Did you know rates are better on an FHA loan than a traditional loan right now? Call us up we would be happy to chat.
Filed under: New Home Purchase | Tagged: fha, loans, purchase
