| FHA Loan Guidlines | ||
|---|---|---|
| Down Payment | Minimum 3.5% | |
| Closing Costs | Low, regulated by HUD | |
| Post-bankruptcy Qualifying? | Can qualify after 2 years | |
| Post-foreclosure Qualifying? | Can qualify after 3 years | |
| Private Mortgage Insurance | Low cost | |
Monday, November 2, 2009
FHA Loans
In the past many sellers didn't want to accept FHA loans because of the guidelines. Presently as a seller it would be a beneficial to accept this loan because many buyers are qualifying for an FHA loan and this would give you a better chance of selling your home.
mortgageloanplace.com
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