Contact the JustNewListings.com Team for Northern Virginia/Washington DC real estate
If you have any questions or need more detailed information, please feel free to contact us at 785-294-6873 (785-BY-HOUSE) or fill out the form to let us know how we can help with your real estate needs. Being a very busy person---I must tell you email is best so I don't miss the message can paste it on my calendar.
1100 N Glebe Rd #1010,
Arlington, VA 22201
Phone: 785-BY-HOUSE
Fax: (703) 224-8121
Friday, January 28th, 2011 at 2:50pm.2239 Views, 2 Comments.
FHA Loans -- Some General History
FHA loans offer several advantages to individuals and families interested in purchasing their first home. Through this federally funded program, consumers have a greater chance to qualify for private mortgage loans. Designed to benefit lower-income households, an FHA loan is a desirable option for first time home-buyers who have limited funds to use as a down-payment. FHA loans are a premium option for first time home-buyers who have acceptable debt-to-income ratios and are in good standing with their credit.
While the FHA loan program has many benefits for home-buyers, it is not the best option for everyone when it comes to mortgage loans. FHA Loans are not suited for higher-priced mortgages. It can also be determined…
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