fha purchase
TRANSCRIPT
WHO IS THE BEST
FHA LENDERFOR BUYING A HOME?
Simple. The lender with the lowest interest rate that
can get your unique loan scenario approved.
FHA loans are great when buyinga home for the following reasons:
very low interest rates
there aren’t any income limits
the qualifying guidelines are more relaxed than a traditional
conventional mortgage
seller can pay closing costs (up to 6% of sales price)
so your cash out of pocket stays low
gifts are allowed so you can get the money to close from a
friend or family member
there aren’t any prepayment penalties
Many lenders offer high interest rates onFHA loans in order to make more money
LENDERS ARE THE SAMENOT ALL
Many lenders are inexperienced with FHAloans and make errors or do not advocate
for your approval, or they have pickyunderwriters without a “can-do” attitude.
Many lenders have slow and rigid approvalsystems that take longer than necessary to
approve your loan.
Finding the Best FHA Lender
Click here to learn more
BestFHALender is a one-stop shop offering usefulinformation about FHA loans and enabling customersto shop for multiple lenders.
Information Provided byJustin Mchood
He is Americas Mortgage Commentatorand has been providing Mortgagecommentary for over 10 years
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