You may have heard of FHA loans or FHA Mortgages - but do you know what it's about? An FHA Loan is a 
loan that is guaranteed by the Federal Government. It allows a buyer to put down as little as 3.5% on a property, which is very helpful in our market where home prices can be high. FHA Loans are very common in our area, especially since the zero-down lending market has disappeared, and since the Government raised the limit to as high as $625,000 in some areas.
Other benefits of FHA loans are that they offer relaxed credit score guidelines, lower PMI (Private Mortgage Insurance) than Conventional Loans, and non-occupant co-borrowers. Further, the Seller can contribute a substantial amount toward closing, as much as 6% of the Selling Price.
Clients always ask me: Are you on the web?
See for yourself.
Tim McIntyre, GRI, Ellicott City Realtor, Catonsville Realtor
Helping Clients Buy, Sell and Invest in
Howard County, Carroll County and Baltimore County
for more than 25 years.
tmcintyre@cbmove.com 410-480-3555
www.timsellshomes.com
