The truth is, homeownership is challenging for many right now because of high prices, high rents, and low supply. However, the state and local governments are working to remove barriers to development, improving the supply shortage in our state. Additionally, there are loan programs that are helping to break down walls to homeownership for new homeowners.
Do you have an FHA mortgage or plan to have one in the future? Do you have Student Loan Debt? Do you hope to refinance in the future? Than this post applies to you. The FHA is designed to make homeownership more affordable. By insuring loans, FHA allows the lender to offer you a better deal. This includes Lower down payments Lower closing costs Easy credit qualifying New rules have recently been released which may affect your