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FHA Mortgages - The Right Financing For First Time Buyers
By | July 2, 2008
Topics: Rich Dad Poor Dad |
First time buyers often want to know what mortgage financing program is best for them. They need look no further than an FHA-Federal Housing Administration loan. These loans are projected to account for almost 40% of new loans that are originated in the new lending environment of tighter credit. One really unique advantage of this program is the ability to coordinate the transaction with a down payment assistance provider (DPA). Strapped for cash borrowers may be able to have all their down payment and closing costs taken care of by a gift from a qualified charity-up to 6% of the transaction.
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FHA Mortgages - The Right Financing For First Time Buyers
