Tips for FHA Loans

RIS Media just posted 7 Things all Borrowers Should Know about FHA Loans. We wanted to share the highlights here, please check out the full article for details.

1. FHA loans are not only for lower-income borrowers
2. FHA loans are not only for first-time buyers.
3. FHA loans are not just small loans; in fact, loan amounts can be as high as almost $800,000.
4. FHA loans are not affiliated with the section 8 housing program
5. FHA loans are often more affordable than conventional loans.
6. FHA-approved condo developments are more desirable to buyers.
7. FHA loans are assumable.

Submitted by Minnesota REALTOR, Mary Rugani.

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