Tag: down payment

FHA Mortgage Facts: Understanding FHA Loans

Definition of FHA FHA is an acronym that stands for Federal Housing Administration. The administration was founded by the United States Federal government in 1934. The main purpose of FHA was to allow people with sufficient income to purchase a home without the need for a major down payment. FHA Does Not Lend Directly to…
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How to Get Smart on Down Payments

How to Get Smart on Down Payments Picking the right house is just one of the big decisions you’ll face when buying property. Deciding on the down payment is another.  Low inventory in some national markets continues to pressure potential buyers into making bigger down payments to gain a competitive edge. But the possibility of rate increases in…
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