FHA loans are one of the most common types of mortgages, especially for first time home buyers, and those without enough money available for a down payment. Backed and insured by the Federal Housing Administration, these loans allow borrowers to buy a home with a lower down payment and generous terms.
Your home is your greatest asset. The longer you live in your home, the more you will develop equity that you can then use to make other important financial decisions.
But you may not want to live in your home forever. Your family status may change,
If you’re thinking about buying your first home, you have much to look forward to. In addition to being an excellent investment, owning a home provides you with stability, comfort, and privacy.
While many US housing markets are increasingly unaffordable for first-time homebuyers, there are exceptions,