What Does FHA Offer In The Way Of Loans?
Wednesday, June 4th, 2008
With fha loan, there is a minimum down payment of 3% of the purchase price of the home. Closing costs can be added into and paid off with the loan. There are also some instances when you can obtain an FHA loan with no down payment. If the house you wish to buy needs repair or restoration, this money for repair can be added in to your loan repayment. Some companies will not lend money for a mobile home or manufactured home sometimes—but FHA will. Also you can buy a condo through FHA loans. These loans can be obtained also to create an energy efficient home for you. There are endless benefits as far as what FHA can offer you.