FHA question?

2 ⤊

WHat are the pros and cons of an FHA loan? I am in California if that makes a diffrence. Thanks!

2007-03-19 06:20:26 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

2 answers

A site at http://www.mortgageawareness.com has a list of the pros and cons of first time home buyer programs.

2007-03-19 07:50:08 · answer #1 · answered by Anonymous · 1⤊ 0⤋

they will take some challenged credit. score makes no difference. They will finance 97% of the value.
Bad --MIP is on the loan for the life of the loan

2007-03-19 13:26:49 · answer #2 · answered by golferwhoworks 7 · 1⤊ 0⤋