FHA Explained

Mortgage insurance, unlike home owners insurance, is a necessary evil for most mortgage programs when you have less than 20% equity or down payment. It’s true that some lenders, that don’t work with Fannie Mae or Freddie Mac, don’t require any mortgage insurance but those lenders usually offer higher interest rates to compensate. If you […]

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In this article I will be comparing two of the most popular loan programs for first time home buyers, FHA and USDA Rural Housing. I don’t think that one program is inherently better than the other but they do offer unique advantages, depending on your situation. Because of this, it is imperative that you understand what these advantages are.

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If you found this blog post you are probably someone that is interested in financing a home purchase or refinance with an FHA loan. I hope that this blog post does not disappoint as I present the top 5 advantages and disadvantages of the FHA mortgage loan program.

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Mortgages Explained: The FHA Kiddie Condo Program

by Mortgage Nerd on February 17, 2011 · 2 comments

FHA (Federal Housing Administration) offers an excellent mortgage program for college students that are going away to school and whose parents would like to buy a home for them to live in. It is called the FHA Kiddie Condo program (Don’t let the name sway you. You don’t have to buy a condominium) In a […]

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