FHA home mortgages have helped millions of first time home buyers achieve the American dream of home ownership.
If you are in the market to purchase a new home, consider looking into securing a Federal Housing Authority (FHA) mortgage. The federal government offers 15 or 30 year fixed rates. Qualifying for an FHA mortgage is easier than traditional mortgage plans.
1. Low interest rate
: An FHA mortgage has one of the lowest interest rates available on the market.
2. Low down payment:
With an FHA mortgage, there is a much lower down payment required. There are easier requirements for approval with FHA.
If you own a home with an FHA mortgage and you want to sell the home, the new buyer can assume your FHA mortgage and rate. This makes your home more appealing to potential buyers.
Buying a home is a big decision, deciding on who will finance your home is an even bigger one. Do your due diligence to locate the best financing around. Speak to a mortgage professional to see if you qualify for an FHA mortgage.
For more information about the benefits of an FHA mortgage call Midland Mortgage Corp. at 803.765.1680 or toll –free at 800.854.9484.