Tuesday, December 9, 2008

FHA loan is great for first time home buyer

Home ownership is becoming a reality for more and more Americans as new home owners. Looks like the later 2008 and on coming 2009 will be the year for new home buyers to buy a home.

Get started today to see if you quantify for these great low interest rates.
An FHA loan is a home mortgage that allows for a purchase or refinance with a low down payment. They're great for the first time home buyer.

http://www.fha.com/

Remember, the FHA does not make home loans. They insure the FHA loans.

About the FHA
The Federal Housing Administration (FHA), an agency of the federal government, insures private loans that are issued for new and existing housing, and loans that are approved for home repairs. Created by congress in 1934, the FHA became part of the Department of Housing and Urban Development's Office of Housing (HUD) in 1965. Today the mission of the FHA includes helping borrowers get amounts they qualify for, and assisting lenders by reducing their risk in issuing loans.

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