FHA loans often attract first-time buyers because the threshold to qualify is often not as stringent as it would be for a conventional mortgage. To qualify for an FHA loan, borrowers must generally be able to:
Also, a listing agent may only show you his or her own. Lender; Advice for First- Time Home Buyers.
As a first-time home buyer you have more loan options than just an FHA loan. Depending on your situation you may qualify for some other loan programs that offer advantages over an FHA home loans. Conventional Loan – If you have at least a 20% down payment then you should consider a conventional mortgage.
(MCT)-Home loans are about to go on the discount rack for first-time buyers willing to spend a few hours learning. reducing the risk for FHA. After two years with no delinquent payments, the.