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FHA loans are the most common and known first time home buyer loans. There are many advantages of choosing FHA 1st time buyer loans to buy a home. Including......
The interest rates on FHA loans are fixed and low. The income and credit requirements are more liberal than other first time home buyer loans. The down payment for an FHA purchase loan is just 3.5% of the purchase price. FHA allows down payment assistance programs, gifted funds, and up to 6% sellers assistance toward closing costs. All of this makes it possible for you to buy a new home with little to $0 out of pocket. If you are interested in learning more, visit FHA loans in Maryland, give us a call at 443-943-6486, email us.
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