Why choose an FHA home loan?
There are lots of good reasons to choose an FHA-insured loan, especially if one or more of the following apply to you: • You’re a first-time homebuyer. • You don’t have a lot of money to put down on a house. • You want to keep your monthly payments as low as possible. • You’re worried about your monthly payments going up. • You’re worried about qualifying for a loan. • You don’t have perfect credit. If any of these things describe you, then an FHA mortgage loan may be right for you. Why? FHA-insured mortgages offer many benefits, and a level of security that you won’t find in other mortgages including: Low costs: FHA-insured loans have low interest rates because the federal government insures the loans for FHA lenders. Small downpayment: FL FHA Loans have a low 3.5% downpayment, and the money can come from a family member, employer or charitable organization as a gift. Easier approval: Because FHA insures your florida mortgage, mortgage lenders may be more willing to give you mortgage
