FHA mortgage tips for first time home buyers

If you are a first time home buyer you may be thinking about an FHA mortgage. These mortgages are guaranteed by the U.S. Federal Housing Administration and are designed with low-to-moderate income home buyers in mind. FHA mortgages feature less stringent income requirements for buyers. For instance, buyers only have to produce a 3.5% down payment and can have a less-than-perfect credit score. If you're planning to purchase a home with an FHA mortgage, here are some important tips to keep in mind. [Read More]