Monday, April 17, 2023 / by Abby Kurtz-Lendner
If you're looking to purchase a home, one option that may be available to you is an FHA Loan. While we are not a lender, we do work with several amazing, local lenders that can help advise you on the best route for you, to determine your buying power, and break down the numbers!
FHA Loans are backed by the Federal Housing Administration and can be a great choice for first-time homebuyers or those with limited financial recourses. In this blog, we'll take a closer look at FHA loans and what you need to know before applying.
What is an FHA Loan?
An FHA loan is a mortgage that is insured by the Federal Housing Administration. The FHA is a government agency that was created in 1934 to increase homeownership in the United States. FHA loans are designed to help people with lower credit scores or limited financial resources qualify for a mortgage.
One of the benefits of an FHA loan is that it requires a lower down payment than a conventional mortgage. While conventional mortgages typicall. ...
Read More
cape coral, florida, city, swfl, canal city, living, property, homes, need to know, sunshine, fort myers, lifestyle, fl, gulf of mexico, investment, real estate, waterfront wonderland, development, lee county, market, recreation, for sale, re/max, boating, real estate market, beaches, selling, fishing, local, buying, parks, support local, events, for sale by owner, market report, safety, calendar, interest, fsbo, trolley, mortgage, survey, contractor, diy, home improvement, build to suit, builder, decorations, holiday, home builder