This means prospective buyers will be able to enjoy the benefits of FHA loans, such as needing only a 3.5% down payment compared to the much higher 20% needed for traditional mortgages. Overall, FHA loans are an attractive option for anyone who may struggle with the money for a large down...
–You may not be able to purchase a home for 3 years after a short sale has occurred on a FHA loan but 4 years on a conventional loan. –A promissory note from the lender for part of the loan amount not being forgiven may be asked of you or a contribution of ...
One of the first steps in financing a condo is exploring mortgage options. Different lenders may offer various loan programs specifically designed for purchasing a condo. Researching and comparing mortgage rates, terms, and requirements is crucial to find the best fit for your financial situation. C...