Mortgages Explained

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 are like most home owners you hate the idea of your hard earned money going down the drain with monthly mortgage insurance payments.¬†And with so many homeowners defaulting on their mortgage payments over the last few years (google “housing crisis 2008 to 2011“) private mortgage insurance companies, and FHA alike, have raised their […]

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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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