Home Buying in Palatine>Question Details

L, Both Buyer and Seller in 60067

What king of mortgage is FHA loan?

Asked by L, 60067 Fri Jun 12, 2009

Help the community by answering this question:


L, You might want to take a look at the FHA site as it has tons of information you may find useful....

The Hud site also has lots of information and a free counseling service to answer questions ect...

Here are a couple sites with mortgage info .... http://mortgage-x.com/general/rate_trend.asp
http://ml-implode.com/ .... http://www.fhfa.gov/

Good luck, Dunes
0 votes Thank Flag Link Sat Jun 13, 2009
Dennis is correct. An FHA loan has a minimum down payment of 3.5% and allows for lower credit score qualification.

If you need any assistance in obtaining a loan for your home purchase please contact me and I would be glad to help you with your goals. We are located in Palatine just next to Harper College.


David Cruickshank
Ardain Mortgage Corp
0 votes Thank Flag Link Sat Jun 13, 2009
It is a loan insured by the Federal Housing Authority. It allows the buyer to put down as little as 3.5% and it is easier to qualify for the loan.

Dennis Toomey
Cell (847) 338-0180
Fax (847) 956-2844
E-mail: dtoomey@remax.net
Web site: http://www.HouseByZip.com
0 votes Thank Flag Link Fri Jun 12, 2009
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