Episode 8 - "FHA loan"

As of writing this blog (December 2011), FHA loans are a great option. Almost any buyer can get an FHA loan. FHA loans have a low down payment. But, did you know there are loans with 0% down payment? FHA loans have mortgage insurance. Other types of loans don't. There are loans that will allow you to purchase your home with as little as $500! There are loans that will subsidize your payments for you. Jay purchased a home for $194,000 with payments of less than $1,100/month! No, he didn't put down a large down payment. In fact, he used grant money to purchase the house. He didn't use any of his own money. FHA will approve a buyer with a lower credit score than other programs. FHA loans are great loans, but you need to find out if it's really your best (and sometimes your only) option.

Contact Joan Lord with Horizon Realty to star in your "Episode."