FAQ

Many times when customers go to purchase a new home they find themselves overwhelmed with financing decisions. Conventional or unconventional, 15 years or 30, FHA, VA, USDA…it’s a lot to take in and can be very confusing!

What are the advantages of having an FHA loan? The FHA is the Federal Housing Administration. FHA loans are the most popular type of home loans available. This is because the FHA insures loans for their lenders. With this being the case, this type of loan is often far more desirable, requiring fairly reasonable qualifications. FHA approved lenders also generally offer more appealing interest rates, increasing their popularity even more. So, if you have a decent credit history and a steady source of income, this may be the type of loan for you!

If you’re looking for a place to find good, reliable information on FHA loans and their conditions, go to www.fha.com. There you will find information on everything from loan requirements to a mortgage calculator. If you would like to speak with someone about FHA loans or buying (or building) a new home, visit www.gustafsonproperties.com and contact us today! We would love to walk you through the process!