We are in uncharted waters when it comes to FHA financing - and in my experience, uncharted waters means anything can happen. But you may have heard that recently the FHA insurance fund has dropped below the Congressionally mandated 2% and there is a lot of discussion about whether or not FHA is going to need a bailout. Will FHA need a bailout? I don't have enough information to know for … [Read more...]
Arizona FHA Loans: 5 Advantages To FHA Loans
I was recently asked by someone "what are the advantages of getting an FHA loan"? and after giving a couple of advantages, I thought it might be helpful to make a short list of advantages of getting an FHA loan vs other loan options. 5 Advantages To FHA Loans Usually, the 30 year fixed rate for an FHA loan is lower than conventional loans (usually!) FHA loans never have a prepay … [Read more...]