Monday, August 3, 2009

FHA Basics

Why FHA? FHA financing offers buyer and borrowers alike the opportunity to acquire and finance properties and borrowers that would not typically qualify for conventional financing.
FHA also has fantastic rate and fee combinations - the product is not inherently expensive although some will tell you it's much more difficult to process or underwrite. And because of that some lenders and mortgage brokers layer high fees and costs under the assumption FHA is just more expensive. You don't have to pay large discount and loan origination fees. You can get FHA no points financing you need to just educate yourself and be prepared.

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