Sharon Richardson's Advice

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Sharon Richardson wrote:

What are the disadvantages of an FHA loan?

If you meet with a professional that doesn't give you complete information on what types of loans are available to you, then you should consider finding a professional that will answer all your questions completely. Sounds like you are new to the home buying process and doing a little more research on different types of financing and understanding it is important because you will be able to make more informed choices as a home buyer. FHA is a good way to get financing and it sounds like you may not have enough money to put down as a down payment. I would suggest to keep saving, learn more about financing, and look into the tax credit available to buyers today. A good real estate professional should be someone you can work with to help guide you through the home buying process. If I can be of assistance please email me with any further questions.
January 03 2010