High Balance FHA Loans Explained

High Balance FHA Loans Explained

High balance FHA loans are extremely popular with first time home buyers. There are two basic reasons for this. The first being the low down payment required of just 3.5% of the sales price. The second is somewhat relaxed credit guidelines for FHA loans. Easier qualifying and lower down payment make it a magnet for first timers. FHA loans can be used to finance a primary residence but cannot be used to finance a rental […] Read more »