Is the FHA mortgage your best home loan?
Posted by Florida Realty Marketplace on
Is the fha mortgage your best home loan?
Deciding on an FHA mortgage
The Federal Housing Administration (FHA) loan program is established in 1934 to help home buyers with smaller downpayments, modest incomes, and / or credit challenges.
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An FHA mortgage might be your best route to homeownership if you face any of these hurdles.
Today, however, FHA loans face competition from other products, and one of them might be a better fit for you.
Weigh the benefits of FHA against those of similar products to find your best mortgage choice.
Alternatives to FHA
There are several government-backed and non-government (conventional) options that also offer low down payments and flexible underwriting.
They…
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