Still a great option for your first home!

FHA (Federal Housing Authority) loans have been around since the depression, and has put millions of Americans into their first home.  FHA is really a government run mortgage insurance program.  FHA mortgages meet certain parameters, which are relaxed compared to Conventional mortgages, and the homeowner pays monthly premiums to the Federal Government.  If the buyer defaults, the investor is compensated for part of the loss by the FHA.

Although the guidelines have tightened in recent years, FHA mortgages are still a good option, for first time home buyers and people moving up.

In the last five years, FHA mortgage premiums have increased substantially.  And worse, you pay the premiums for the term of a 30 year mortgage.  Fannie Mae and Freddie Mac have introduced competition to FHA, with lower down payments and similar relaxed guidelines.

Contact us, and we can find the best option for you!

Thank you so much for all your help throughout my home buying journey.  Since this was my first home purchase, I needed all the help I could get! As a testament to the work you do, everyone I talked to recommended I get in touch with you.  There was no doubt I made the right decision. Thanks again for making everything so easy.

                                                                                                T. Brogdon